$3,900,000
For Sale

Atascadero Road

Morro Bay, CA 93442
3.73 acres | #SC23145620
Listing OfficeFranklin Real Estate & Rentals
Type:Purchase
Structure:Land
Zone:Residential

Description

Here's a rare opportunity to buy prime ocean front land zoned for commercial visitor use. This unique offering includes 3.73 acres fronting Morro Bay's famous sand dunes, 3-mile beach strand, and historic Morro Rock. Morro Bay is a vacation destination beach town known for its fishing village atmosphere, outstanding restaurants, sailing and boating, and fresh clean air. Morro Bay is an easy drive to Cayucos, and Cambria to Hearst Castle, then over the hills to Paso Robles and then down to San Luis Obispo to get an overall county tour of our beautiful wineries and to savor the taste of premium wines. Stop by Cal Poly, and our world famous Spanish mission of San Luis Obispo de Tolosa founded in 1772. The subject is located at the epicenter of our county activities. Possible uses are a major brand hotel complex with accessory shops & restaurant, an Ocean Institute and Coastal Visitor Center, or an RV park & storage. The owner had an extensive 82-page biological and wetland assessment report prepared in 2001. The report and a visual inspection indicates the lots have extensive coverage of scrub willow trees and ice plants, which should not be an issue to develop. The heirs to this estate will make it available for disclosures purposes only with an accepted offer. The City will require an updated report, a soil report, and a set of plans to apply for a building permit. Whatever your intended use, the City and Coastal Commission are mandated to give commercial visitor serving use a priority.

  • Property Details
      • Lot DescriptionThirtySixToFortyUnitsAcre
      • ViewBay, BackBay, Ocean, Rocks
      • SubdivisionBeach Tract(730)
      • CountySan Luis Obispo
      • Sewer InformationPublicSewer
      • Original List Price$3,800,000
      • MLS #SC23145620
      • MLS #SC23145620
      • Property TypePurchase
      • Cost3900000
      • Utility SourcePublic
      • Acres3.73
      • Property SubtypeLand

Location

Lily ValdiviaEinstein Realty
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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