781 Market Ave, MORRO BAY, CA

$3,890,000

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2.00

Acres

About 781 Market Ave

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 +/- 1.60 Acres. Call listing agent for showing instructions. Pre-approval required for touring property. Purchase Price: $3,890,000 per most current appraisal, 2021. Call for more details.

Features of 781 Market Ave

MLS® # SP21011224MR
Price $3,890,000
Acres 2.00
Type Lot-Land
Status Active

Community Information

Address 781 Market Ave
Area Morro Bay
City MORRO BAY
County San Luis Obispo
State CA
Zip Code 93442

Amenities

View Bay, Coastline, Ocean, Panoramic, Water, Marina
Is Waterfront No

Additional Information

Date Listed January 15th, 2021
Days on Market 1228
Zoning CVS/PD/S.3/S.4,CVS/PD/S.4
Foreclosure No
RE / Bank Owned No

Listing Details

AgentStephen Mccarty (00977930)
OfficeMcCarty Davis, Inc.

Listing Map

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