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 Agent:Stephen McCarty
#00977930
Offered By:Mccarty Davis, Inc.
Date Added: 1/15/21 at 6:00 am
Last Update: 12/20/22 at 10:27 pm
Location
- HOAYes
- HOA Amenities0.0
Lot
- ZoningCVS/ PD/ S.3/ S.4, CVS/ PD/ S.4, 066321027
- ViewBay, Coastline, Park/ Greenbelt, Marina, Ocean, Panoramic, Water, View
Utilities
- WaterPublic
Financial
- SourceCRMLS, CRMLS
Schools
- DistrictSan Luis Coastal Unified School District

What's Nearby?
Restaurants
- The Galley Seafood Grill & Bar (0.11 mi)1637 reviews
- Dutchman's Seafood House (0.04 mi)1216 reviews
- House Of Juju - Morro Bay (0.14 mi)819 reviews
Coffee Shops
- Rock Espresso Bar (0.13 mi)393 reviews
- Top Dog Coffee Bar (0.15 mi)630 reviews
- Sun-N-Buns Bakery & Espresso Bar (0.05 mi)281 reviews
Grocery
- Albertsons (0.49 mi)91 reviews
- Spencer's Fresh Markets (1.71 mi)66 reviews
- Sunshine Health Foods (0.24 mi)49 reviews
Education
- Morro Bay High School (1.04 mi)1 reviews
- Central Coast Montessori School (2.58 mi)1 reviews
- 1 reviews