$1,901,000
$1,800,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
0.33 Acres Lot
SOLD DATE : 09/06/2022
Key Details
Sold Price $1,901,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Town Of El Morro(830)
MLS Listing ID SC22155915
Sold Date 09/06/22
HOA Y/N No
Year Built 1941
Lot Size 0.330 Acres
Property Description
Unique opportunity to own a mixed use commercial/retail and residential property located in the center of quaint downtown Morro Bay! This property consists of 10 residential units and 6 commercial units. Addresses include 501,505, 507 Morro Bay Blvd and 828, 830,834, 838, 840, 850A/B, 860A/B, 862, 868, 878 and 888 Napa St. Some of the units have been updated and some could use a bit of TLC, there are rock views from some of the residential units too. This property also has huge potential for a development project, the lot is over 14,000 feet and there is good parking on site. Check with the Planning and Building Department of the City of Morro Bay for uses, options and the pending adoption of zoning and height limit changes. This is a special property in the heart of Morro Bay. Information is not verified or guaranteed by listing broker.
Location
State CA
County San Luis Obispo
Area Mrby - Morro Bay
Interior
Fireplace No
Laundry None
Exterior
Garage Off Street, On Street
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Composition
Parking Type Off Street, On Street
Total Parking Spaces 9
Private Pool No
Building
Lot Description Corner Lot, Level, Walkstreet
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 066066007
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Kirk Psenner • Cypress Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "