2900 Alder Avenue 068192011 Morro Bay CA 93442 | SC23211391

2900 Alder Avenue 068192011
Morro Bay, CA, 93442
$850,000
Beds
0 Baths
SqFt
0.14 Acres
EVERLYGROVE HOTEL BROKERS is pleased to announce the opportunity to acquire the fee-simple interest in the land located at 2900 Alder Avenue. A 5 unit, single occupancy development has been approved by the city of Morro Bay. The approved plans include a 2,400 square foot building built upon a 6,000 square foot lot.

2900 Alder Avenue has a base zoning of Neighborhood Commercial allowing the property to be developed in various
ways. Neighborhood Commercial is defined by the city of Morro Bay as the following: This district is intended to
provide areas for smaller-scale neighborhood commercial areas that provide goods, services, and businesses to
meet the day-to-day needs of nearby residents. Residential uses are allowed above and behind commercial uses
and as stand-alone development in certain areas.

This property could be developed into the following:
– Hotel/Motel/ADUs (currently approved for this use by city of Morro Bay)
– Restaurant
– Tasting Room
– Offices
*Please note that this is not an exhaustive list of development opportunities for 2900 Alder Ave. Please check with
the city of Morro Bay for full details.

Property Details

Price:
$850,000
MLS #:
SC23211391
Status:
Active
Baths:
0
Address:
2900 Alder Avenue 068192011
Type:
Land
City:
Morro Bay
Listed Date:
Oct 19, 2023
State:
CA
ZIP:
93442
Subdivision:
North Morro Bay 820
Lot Size:
6,000 sqft / 0.14 acres (approx)
Year Built:
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Corner Lot, Rectangular Lot
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Buyer Agent Compensation
2.000
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Electricity Available, Natural Gas Available, Sewer Available, Water Available

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2900 Alder Avenue 068192011
Morro Bay, CA