1215 Embarcadero Morro Bay CA 93442 MLS #SC24082289

1215 Embarcadero
Morro Bay, CA, 93442
$6,750,000
Beds
0 Baths
SqFt
0 Acres
Morro Bay Landing is situated on the waterfront in Morro Bay, CA. The recently constructed commercial building and boat docks provide three individual income streams. The project consists of a +/- 5,239 SF multi-tenant retail building, 25 boat slips and Kayak and Paddle Board storage lockers. With a gross income just north of $500,000, this leasehold interest (36 years on the existing lease with an exclusive right to renegotiate), is priced at a 6 cap and the owner is motivated to sell.

Property Details

Price:
$6,750,000
MLS #:
SC24082289
Status:
Active
Baths:
0
Address:
1215 Embarcadero
Type:
Commercial
Subtype:
Specialty
Neighborhood:
mrbymorrobay
City:
Morro Bay
Listed Date:
Apr 1, 2024
State:
CA
ZIP:
93442
Year Built:
2020
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James

James

Co-Owner/ Broker/ Realtor®

Default 805 748-2262
Work Phone 805 481-3939

Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…

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1215 Embarcadero
Morro Bay, CA