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1150 Main St 2,322 SF 100% Leased Industrial Building Morro Bay, CA 93442 $1,149,000 ($494.83/SF)



Investment Highlights
- Prime commercial property for sale in the heart of town
- Ideal for various commercial uses
- Exceptional investment opportunity in a high-traffic area with strong footfall
Executive Summary
Prime commercial property for sale in the heart of town, offering an exceptional investment opportunity. This 2,322 square foot building is situated on a substantial 17,860 square foot lot, strategically located in a high-traffic area with excellent footfall, making it ideal for various commercial uses. The property comprises two buildings currently occupied by well-established businesses: an Auto Mechanic and a Machine Shop, ensuring consistent rental income (note that businesses are not for sale). Recent upgrades include a new roof for the Machine Shop in 2019 and a refreshed front facade in 2018, enhancing both the aesthetic appeal and structural integrity of the property. This prime location, combined with the solid tenant base and recent improvements, presents a compelling proposition for investors looking to expand their real estate portfolio or for entrepreneurs seeking a prominent location for their next venture. Don't miss this unique opportunity to secure a highly desirable commercial property in a thriving community. For more information or to schedule a viewing, please contact your Realtor today!
Property Facts
| Price | $1,149,000 | Building Class | C |
| Price Per SF | $494.83 | Lot Size | 0.41 AC |
| Sale Type | Investment | Rentable Building Area | 2,322 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 1958 |
| Zoning | C1 - Commercial | ||
| Price | $1,149,000 |
| Price Per SF | $494.83 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.41 AC |
| Rentable Building Area | 2,322 SF |
| No. Stories | 1 |
| Year Built | 1958 |
| Zoning | C1 - Commercial |
Amenities
- Yard
1 1
Walk Score®
Very Walkable (82)
Property Taxes
| Parcel Number | 066-311-015 | Improvements Assessment | $936,360 |
| Land Assessment | $624,240 | Total Assessment | $1,560,600 |
Property Taxes
Parcel Number
066-311-015
Land Assessment
$624,240
Improvements Assessment
$936,360
Total Assessment
$1,560,600
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1150 Main St
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