Morro Bay, CA 93442,495 Morro Bay Boulevard
$1,800,000
Est. payment /mo
$2,050,000
12.2%
Est.Price: ?

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3,914 SqFt
SOLD DATE : 02/20/2024

Key Details

Sold Price $1,800,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 3,914 sqft

Price per Sqft $459

MLS Listing ID CRSC23180450

Sold Date 02/20/24

HOA Y/N No

Year Built 1977

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Retail

Property Description

Discover an exceptional investment opportunity in Morro Bay, California, with this remarkable single-level commercial property at 495 Morro Bay Blvd. Zoned for retail trade and currently operating as one of the town's two exclusive cannabis dispensaries, this fully renovated 3,914 sq ft property presents a rare chance for investors. Featuring strategic corner placement for maximum visibility, proximity to the ocean, a 8.5% cap rate from a lease with one of the largest distributors and cultivators in the United States, and an array of amenities such as 24-hour security, restrooms, a break room, lobby, electric charging, Solar and key card entry, this offering is poised for success. Don't miss out on securing your place in Morro Bay's thriving retail landscape; contact us today for a viewing and explore the endless potential this property offers at an asking price of $2,050,000.

Location

State CA

County San Luis Obispo

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Other, Cable Available

Building

New Construction No

Others

Tax ID 066064021

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Bridge MLS
Listed by Andrew Richardson • Richardson Sotheby's International Realty
Bought with AaronYoung

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