1215 Embarcadero
Morro Bay, CA 93442
Active for $6,750,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 5,239 sqft
| MLS | SC24082289 |
| Year Built | 2020 |
| Property Type | Special Purpose |
| County | San Luis Obispo |
| Status | Active |
| Active | $6,750,000 |
| Structure Size | N/A sqft |
| Lot Size | 5,239 sqft |
| Beds | N/A |
| Baths | N/A |
Description
Morro Bay Landing is situated on the waterfront 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.
Listing information courtesy of: Steve Davis, McCarty Davis, Inc. 805-543-1801. *Based on information from the Association of REALTORS/Multiple Listing as of 11/14/2024 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.
Location
Contact a Local Realtor®
Larry Faris
Realtor®
Direct: 818.209.6805
Email: Email Me
DRE: 01184576
DRE #01873088
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