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131 N. Ocean Avenue

Cayucos, CA 93430

(805) 550-5211

leenkathy@att.net

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PRICE $2,498,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 1.42 ac

Seeking Buyer/Lessor to develop a hospitality property delivering tax generating benefits on City-owned property. The City is offering this property to a Lessor/Buyer with the intent they develop a hospitality project generating on-going TOT (Transient occupancy tax). The zoning allows for a wide range of tourist service uses; Zoned C-VS/PD/S.4 (existing restaurant and parking lot) and C-VS/PD/S.3/S.4 (upper parking lot). The project sits partially on the Embarcadero, the main tourist area in Morro Bay. The balance of the property rises up and sits on the bluff overlooking the Embarcadero and Morro Bay. Subject property is +/- 1.42 Acres. Call listing agent for showing instructions. Pre-approval required for touring property.

DAYS ON MARKET 52 LAST UPDATED 1/18/2021
TRACT Embarcadero(750) YEAR BUILT 0
COMMUNITY MRBY - Morro Bay COUNTY San Luis Obispo
STATUS Active PROPERTY TYPE(S) Lot/Land/Acreage


ADDITIONAL DETAILS
AREA MRBY - Morro Bay
HOA DUES 0.00
LOT 1.4200 acre(s)
LOT DESCRIPTION Lot Over 40000 Sqft
SUBDIVISION Embarcadero(750)
VIEW Yes
VIEW DESCRIPTION Bay
WATER Public
ZONING CVS/PD/S.3/S.4,CVS/PD/S.4
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Listing provided by : Stephen McCarty CalDRE: 00977930, Stafford-McCarty Commercial RE

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