35.36613 -120.84799

495 Morro Bay Boulevard Morro Bay, CA 93442

294457732 35.36613 -120.84799 124 /listing/294457732-150132049/495-morro-bay-boulevard-morro-bay-ca-93442 False 0 3200000.0 101 PI21099481 False
  • $3,200,000
  • 0.14 lot
  • Est payment $17178.29/mo

Property & Neighborhood Info

Courtesy Of Jason Hart, DRE#01334694, Hart Commercial Real Estate

Commercial in Morro Bay

This centrally located retail property in downtown Morro Bay has just undergone a $1.4 million renovation. The tenant will execute a brand new 10-year sale leaseback at the close of escrow with 4 (5-year) option periods to extend, resulting in a 6.0% initial cap rate. The lease will feature 10% rental increases in Year 6 and at the beginning of each option period.

Courtesy Of Jason Hart, DRE#01334694, Hart Commercial Real Estate
  1. 0.14 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1977
  • County: San Luis Obispo
  • MLS Number:PI21099481

Additional Features

  • Laundry:
    • None
  • Occupied By:
    • Owner
  • Property Subtype:
    • Retail
  • Year Built Source:
    • Assessor
  • Lot Description:
    • CornerLot
  • Number of Buildings:
    • 1
  • Water:
    • Public
  • Net Operating Income:
    • 192000
  • Terms:
    • LeaseBack
  • CDOM:
    • 0
  • Special Conditions:
    • Standard
  • Cap Rate:
    • 6
  • DOM:
    • 0
  • Listing Type:
    • ExclusiveRightToSell
  • Listing Key:
    • 519081895
  • Parcel Number:
    • 066064021
  • Public Document Count:
    • 1
Neighborhood info courtesy of Homes.com © 2021

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
TODD PICCONI
TODD PICCONI
Your Real Estate Professional
8780 19th Street #509 Alta Loma CA 91701
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35.36613 -120.84799

495 Morro Bay Boulevard Morro Bay, CA 93442

294457732 35.36613 -120.84799 124 /listing/294457732-150132049/495-morro-bay-boulevard-morro-bay-ca-93442 False 0 3200000.0 101 PI21099481 False
  • $3,200,000
  • 0.14 lot
  • Est payment $17178.29/mo