Sold
Closed
495 Morro Bay Boulevard
Morro Bay CA, 93442
$1,800,000
$459.89 per sqft
Sold
Closed
3,914 sqft
Commercial
Built in 1977
Listed by Andrew Richardson with Richardson Sotheby's International Realty [email protected]
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.
SC23180450
MLSⓇ ID
October 2, 2023
Listed
August 30, 2024
Updated
Map
495 Morro Bay Boulevard
Morro Bay CA, 93442
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.1 Acres
Lot Features
Corner Lot, Rectangular Lot, Street Level
Roof
Flat
Other Property Details
Area Name
MRBY - Morro Bay
Days on Market
100
Garage
No
View
No
County
San Luis Obispo
Water Source
Public
Pool
No
Waterfront
Yes
Listing History
Date | Event | Price |
---|---|---|
2/20/2024 | Sold | $1,800,000 |
2/16/2024 | Pending | — |
2/7/2024 | Under contract | — |
2/2/2024 | Under contract | — |
1/4/2024 | Price change | $2,050,000 -11% |
11/20/2023 | Price change | $2,300,000 -7% |
11/20/2023 | Active | — |
10/29/2023 | Pending | — |
Listing Contact: 805-781-6040
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. 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.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 8/30/2024 at 8:08 PM UTC