650 Morro Bay Blvd - Apartments FOR SALE


Morro Bay, CA 93442
$2,500,000 USD
805-801-0268
650 Morro Bay Blvd, Morro Bay, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

650 Morro Bay Blvd
Morro Bay, CA 93442


HIGHLIGHTS

  • 3 APNs Land and Buildings only for sale:

OVERVIEW

753 Piney- SFR, family occupied. Possible rent 2k per month 775 Piney- Pest Company, month to month In the heart of Morro Bay, this exceptional legacy mixed-use property spans three legal APNs/Lots and offers a rare investment opportunity. The property includes a 975-square-foot single-family home at 753 Piney Way, a commercial retail building, and a 1,676-square-foot restaurant. The retail building, located at the corner of Morro Bay Blvd and Piney Way, houses three commercial units: 775 Piney Way with 1,400 square feet (currently occupied by a pest control company), 698 Morro Bay Blvd with 1,600 square feet (formerly a dance studio), 696 Morro Bay Blvd with 1,300 square feet (currently occupied by a thrift store). Sitting on its own legal lot is 650 Morro Bay Blvd with a 1,676-square-foot restaurant. The property also includes a 6,650-square-foot parking lot. Please note that the businesses are not for sale; this listing is for the real estate only. This is a unique opportunity to own a versatile multi-use property in the vibrant coastal community of Morro Bay. All measurements are approximate and have not been verified.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$401 USD /SF

# OF UNITS

5

PRICE/UNIT

$500,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Morro Bay Blvd/ Piney Way Mixed Use

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

-

APN/PARCEL ID

061-125-003,061-125-005,061-125-011

ASK ABOUT THIS PROPERTY

Chris BathCoast RealtyMore Info
805-801-0268

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Chris BathCoast RealtyMore Info
805-801-0268

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.