650 Morro Bay Blvd - Apartments FOR SALE


Morro Bay, CA 93442- Morro Bay/Cayucos/Cambria
$1,900,000 USD
805-801-0268
650 Morro Bay Blvd, Morro Bay, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

650 Morro Bay Blvd
Morro Bay, CA 93442
Morro Bay/Cayucos/Cambria


HIGHLIGHTS

  • 3 APNs Land and Buildings only for sale:

OVERVIEW

775 Piney Way -month to month now vacant 696 Morro Bay Blvd-month to month now vacant All other buildings are vacant including the restaurant. Single Familiy residence occupied by family member, no rental income. 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

$1,900,000 USD

PRICE/SF

$304 USD /SF

# OF UNITS

5

PRICE/UNIT

$380,000

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

066-125-003

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.