201 Main Street Morro Bay CA 93442 MLS #SC22008503

201 Main Street
Morro Bay, CA, 93442
$3,750,000
Beds
0 Baths
SqFt
0 Acres
$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
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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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