$3,750,000
201 Main Street
Morro Bay, CA, 93442
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.
Property Details
Price:
$3,750,000 / $3,200,000
MLS #:
SC22008503
Status:
Closed ((Jun 24, 2022))
Baths:
0
Address:
201 Main Street
Type:
Commercial
Subtype:
Mixed Use
City:
Morro Bay
Listed Date:
Jan 17, 2022
State:
CA
ZIP:
93442
Schools
Interior
Cooling
None
Heating
None
Exterior
Fencing
None
Water Source
Public
Financial
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
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Courtesy of Morro Shores Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than James Outland include the name of the listing broker. Neither the listing company nor James Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
201 Main Street
Morro Bay, CA
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