781 Market Avenue 781 Market Avenue Morro Bay, California 93442 United States
781 Market Avenue Morro Bay, California 93442 United States
$3,890,000
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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...
- 1.6 Acres
- Exterior
- Land
- Property type
- SP21011224
- Web Id
- SP21011224
- MLS ID
- Embarcadero(750)
- Subdivision
- 1,195
- days ago
About 781 Market Avenue
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.
Listing Courtesy of McCarty Davis, Inc., Email/Phone : mccarty@mccartydavis.com
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Courtesy of McCarty Davis, Inc., Email/Phone : mccarty@mccartydavis.com
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
features
- lot description
- Bay View
- Community
- Sidewalks
PROPERTY INFORMATION
- Community Info
- Biking, DogPark, Fishing, Golf, Hiking, Sidewalks, Park
- View
- Bay, Coastline, ParkGreenbelt, Marina, Ocean, Panoramic, Water
- Water
- Public
EXTERIOR
- Lot Description
- Item01UnitAcre, LotOver40000Sqft, NearPark, NearPublicTransit
Listing Courtesy of McCarty Davis, Inc., Email/Phone : mccarty@mccartydavis.com