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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 SC23180450
Sold Date 02/20/24
HOA Y/N No
Year Built 1977
Lot Size 4,356 Sqft
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
Area Mrby - Morro Bay
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Forced Air
Cooling Central Air
Fireplace No
Laundry None
Exterior
Fence Security
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Waterfront Description Across the Road from Lake/Ocean,Ocean Side Of Freeway
Roof Type Flat
Building
Lot Description Corner Lot, Rectangular Lot, Street Level
Story 1
Water Public
Others
Tax ID 066064021
Security Features Security System,Carbon Monoxide Detector(s),Fire Sprinkler System,Gated with Attendant,24 Hour Security,Key Card Entry
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Aaron Young • 1917 Brokerage
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