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Key Details
Sold Price $700,000
Property Type Commercial
Sub Type Special Purpose
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SC1061401
Sold Date 03/17/17
HOA Y/N No
Year Built 1968
Lot Size 0.320 Acres
Property Description
Marketing Remarks: Significant PRICE REDUCTION! Long standing investment opportunity in downtown Morro Bay, CA. 2500 square foot building on over 14,000 square feet of land. Currently used as restaurant with great rental income history. Plenty of parking, 21 spaces in total, a rarity within the City. Surrounded by hotels. Development potential, with zoning ordinance allowing mixed use commercial/residential. Generating $5200.00 a month.
Location
State CA
County San Luis Obispo
Area Mrby - Morro Bay
Zoning COMR
Interior
Heating Forced Air
Fireplace No
Exterior
Utilities Available Cable Available, Phone Connected, See Remarks
Roof Type Rolled/Hot Mop
Building
Lot Description Corner Lot, Paved, Street Level
Story 1
Others
Tax ID 066046003
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
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Bought with Mari Demera • Sotheby's Int'l Realty-PG
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