Property Detail

1215 Embarcadero

Morro Bay CA 93442

$6,750,000

Status: Active

Property Details

Description

Morro Bay Landing is situated on the waterfront in Morro Bay, CA. The recently constructed commercial building and boat docks provide three individual income streams. The project consists of a +/- 5,239 SF multi-tenant retail building, 25 boat slips and Kayak and Paddle Board storage lockers. With a gross income just north of $500,000, this leasehold interest (36 years on the existing lease with an exclusive right to renegotiate), is priced at a 6 cap and the owner is motivated to sell.

Map Location

Listing provided courtesy of Steve Davis of McCarty Davis, Inc.. Last updated 2024-11-24 09:35:10.000000. Listing information © 2024 CRMLS.

Linda Lederer Bernstein

Linda Lederer Bernstein

DRE #1527365
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