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Key Details
Sold Price $1,000,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Embarcadero(750)
MLS Listing ID PI20075067
Sold Date 01/08/21
HOA Y/N No
Lot Size 0.390 Acres
Property Description
Site for construction of a new 30 unit hotel on the bluff above Morro Bay's Embarcadero, 18,600 sq ft of construction, plus parking for 33 vehicles. Project is on the site of the former Harbor View Hotel in Morro Bay, on six lots bounded by Harbor Street, Market Avenue, Front Street, and Pelican alley. The site features commanding views of Morro Rock and the Pacific Ocean, as well as the picturesque harbor at Morro Bay. Existing rentals produce approximately $4000 in monthly income (structures to be demolished at time of development). Project is not yet approved, but ready for CEQA/MND review.
Location
State CA
County San Luis Obispo
Area Mrby - Morro Bay
Zoning CVS
Interior
Fireplace No
Exterior
Community Features Urban
View Y/N Yes
View Bay
Building
Lot Description Gentle Sloping
Water Public
New Construction No
Others
Senior Community No
Tax ID 066291014
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Steven Relth • Lee and Associates
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