Sold
Closed
201 -203 Main Street
Morro Bay CA, 93442
$3,200,000
$717.97 per sqft
Sold
Closed
4,457 sqft
Residential
Built in 1964
Listed by Dean Marchant with Morro Shores Real Estate 805-440-3996
Waterfront income property on the Central Coast of California with 3 houses! Marina portion includes 28 boat spaces, 2 restrooms and a pier/dock. Water lease with the City of Morro Bay has 12 years left on the current lease with an option for an additional 20 years. Huge demand for boat slips in the area and rental housing, zero vacancy for the past eight years. This property is owner managed and not overly demanding. Rare opportunity to have a water lease and own the upland real estate. Offered at a 5.7% cap rate.
SC22009743
MLSⓇ ID
January 17, 2022
Listed
November 22, 2024
Updated
Map
201 -203 Main Street
Morro Bay CA, 93442
Interior Features
Laundry Description
Outside
Fireplace
No
Cooling
No
Cooling Description
None
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
0.55 Acres
Lot Features
0-1 Unit/Acre
Sewer
Public Sewer
Other Property Details
Area Name
MRBY - Morro Bay
Days on Market
93
Garage
Yes
Garage Spaces
1
Parking Total
1
View
No
County
San Luis Obispo
Water Source
Public
Pool
No
Pool Features
None
Waterfront
Yes
Listing Contact: 805-440-3996
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 11/22/2024 at 4:34 PM UTC