Vacant land, no structures. 9,013 sq. ft. corner lot located in the desirable beach town of Morro Bay! Zoned R4, Buildable for 4-5 units for townhouses or apartments, located conveniently off the 41, close to beach access, Morro Bay High School and downtown shopping and eateries. Mostly flat land, Morro Rock views and many opportunities. Sewer lateral at property line, utilities immediately accessible. Lot split complete, New APN number assigned. Completed reports/materials: Soils Engineering Report, Survey and Topo Map, Phase 1 and Phase 2 Archeology reports. Seller has paid $36,626.00 in in-lieu park fees for 5 units.

2/3rds of the curb, gutter and sidewalk improvements are completed. The rest of the improvements need to be completed at the time of the building permits. The seller has also resubmitted existing plans for four apartments known as Jade Cove Apartments. A 90 to 120 day escrow would be acceptable. Easy build, don’t miss this great opportunity. Seller willing to finance with 40% down with 6% interest rate. Willing to work with Realtors if they bring a qualified buyer. Please inquire for supplemental materials and reports, happy to send.

Price Adjustment : Contractor resubmitted new plans and paid new city fees.

Listing Agent:Sherry Sim
#01385503

Offered By:Sim Real Estate

Date Added: 3/8/23 at 6:00 am
Last Update: 9/14/23 at 9:13 pm

Location

Lot

Utilities

Financial

Interior

Exterior

Construction

Schools

Listing History

Map