1215 Embarcadero, Morro Bay, CA 93442
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Listed Price :
$6,750,000
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Beds :
N/A
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Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
2020
Property Description
McCarty Davis is pleased to offer the opportunity to purchase the Morro Bay Landing situated on the water in Morro Bay, CA. The recently constructed
commercial building and boat docks provide three individual income streams. The project consists of a +/- 5,239 SF multi-tenant retail building, 25 boat slips and Kayak and Paddle Board storage lockers. With a gross income just north of $500,000, this leasehold interest (36 years on the existing lease with an exclusive right to renegotiate), is priced at a 6 cap and the owner is motivated to sell.
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
1215 Embarcadero |
| City |
Morro Bay |
| State |
CA |
| Zip |
93442 |
| County |
San Luis Obispo |
| Listing Agent |
Steve Davis DRE #01843738 |
| Co-Listing Agent |
Stephen McCarty DRE #00977930 |
| Courtesy Of |
McCarty Davis, Inc. |
| List Price |
$6,750,000 |
| Status |
Active |
| Type |
Commercial |
| Subtype |
Special Purpose |
| Structure Size |
N/A |
| Lot Size |
5,239 |
| Year Built |
2020 |
Listing information courtesy of: Steve Davis, Stephen McCarty, McCarty Davis, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
