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    781 Market Avenue

    Morro Bay, CA 93442
    • $2,498,000
    • STATUS: Active
    • ON SITE: 194 days
    • ID#: SP21011224
    $2,498,000
    • 0
      BEDS
    • 1.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-01T00:28:22.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.
    www.hartcoastal.com/homes/113370999
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    781 Market Avenue Morro Bay, CA 93442

    • Price: $2,498,000
    • Status: Active
    • ID#: SP21011224
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.42
    Acres
    Neighborhood:
    Embarcadero(750)
    County:
    San Luis Obispo
    Area:
    MRBY - Morro Bay
    Property Description
    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.
    Exterior Features

    Lot Features Lot Over 40000 Sqft View Bay View YN Yes

    Property Features

    Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest Planned Development Community Features Sidewalks Land Lease YN Yes Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Cvs/Pd/S.3/S.4Cvs/Pd/S.4

    Listing provided courtesy of Stephen Mccarty of Mccarty Davis, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-01T00:28:22.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.
     
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    Hart Coastal Group
    57 Via Zaragoza
    San Clemente CA, 92672