Morro Bay, CA 93442,201 -203 Main ST
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Morro Bay, CA 93442,201 -203 Main ST
Morro Bay, CA 93442,201 -203 Main ST
Morro Bay, CA 93442,201 -203 Main ST
Morro Bay, CA 93442,201 -203 Main ST

$3,200,000

Est. payment /mo

$3,750,000

14.7%
Est.Price: ?

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201 -203 Main ST Morro Bay, CA 93442

0.55 Acres Lot

SOLD DATE : 06/24/2022

Key Details

Sold Price $3,200,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SC22008503

Sold Date 06/24/22

HOA Y/N No

Lot Size 0.551 Acres

Property Description

Waterfront income property on the Central Coast of California with 3 houses! Marina portion includes 28 boat spaces, 2 restrooms and a pier/dock. Water lease with the City of Morro Bay has 12 years left on the current lease with an option for an additional 20 years. Huge demand for boat slips in the area and rental housing, zero vacancy for the past eight years. This property is owner managed and not overly demanding. Rare opportunity to have a water lease and own the upland real estate. Offered at a 5.7% cap rate.

Location

State CA

County San Luis Obispo

Area Mrby - Morro Bay

Interior

Heating None

Cooling None

Fireplace No

Laundry Outside

Exterior

Fence None

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Waterfront Description Bayfront,Dock Access,Navigable Water

Building

Lot Description 0-1 Unit/Acre

Water Public

Others

Tax ID 066251025

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Financing Private

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Dean Marchant • Morro Shores Real Estate
Bought with Hal Sweasey • Keller Williams Realty Central Coast

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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