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McCarty Davis is pleased to offer the opportunity to purchase the Morro Bay Landing situated on the water 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.PROPERTY FEATURES
Water Source: Public
Lot Features: Level
Parcel Identification Number: 940000146
Laundry Features: None
Laundry: Has Laundry
MLSAreaMajor: MRBY - Morro Bay
PROPERTY DETAILS
Street Address: 1215 Embarcadero
City: Morro Bay
State: California
Postal Code: 93442
County: San Luis Obispo
MLS Number: SC24082289
Year Built: 2020
Courtesy of McCarty Davis, Inc.
City: Morro Bay
State: California
Postal Code: 93442
County: San Luis Obispo
MLS Number: SC24082289
Year Built: 2020
Courtesy of McCarty Davis, Inc.
Courtesy of McCarty Davis, Inc.
