781 Market Avenue
781 Market Avenue
$3,890,000
69,696 / 1.6
Description
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...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: $3,890,000 per most current appraisal, 2021. Call for more details.
- Listed by Stephen McCarty • DRE #00977930 • Brokerage DRE #01240829 • McCarty Davis, Inc. • mccarty@mccartydavis.com
- Listed by Steve Davis • DRE #01843738 • Brokerage DRE #01240829 • McCarty Davis, Inc.
Property Details for 781 Market Avenue
View
Bay, Coastline, Marina, Ocean, Panoramic, Park/Greenbelt, Water
Lot Size SourceOwner
Assessor Parcel Number066321027
New ConstructionNo
PoolNo
ViewYes
AssociationNo
Association Fee$.00
Location
LISTING UPDATED: 01/06/2024 01:28 PM
Property Details for 781 Market Avenue
Status | Active |
---|---|
MLS # | SP21011224 |
Days on Market | 1191 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 1.60 AC |
County | San Luis Obispo County |
Location
Building Information for 781 Market Avenue
Lot Size1.60 AC
Payment Calculator
$21,229 per month
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Property Information for 781 Market Avenue
Property History for 781 Market Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 781 Market Avenue
Taxable ValueLand$30,600Additions$30,600Total$61,200
Home Facts
Total Finished SqFt10,100 SqFtAbove Grade Finished SqFt10,100 SqFtLot Size7,392 SqFtStyleRestaurantYear Built1981CountySAN LUIS OBISPOAPN940-002-620
Schools near 781 Market Avenue
This home is within San Luis Coastal Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 6 |
Rating | School | Distance |
---|---|---|
Del Mar Elementary School PublicK to 5 | ||
Los Osos Middle School Public6 to 8 | ||
Morro Bay High School Public9 to 12 | ||
Pacheco Elementary School PublicK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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