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2460 Main St - Morro Bay Recovery 10,586 SF Health Care Building Offered at $6,900,000 at a 7.12% Cap Rate in Morro Bay, CA 93442
Executive Summary
EVERLYGROVE HOTEL BROKERS is pleased to present the opportunity to acquire the Morro Bay Recovery Center, a 29-room hospitality property situated on ±1.3 acres in Morro Bay, California. Located along Main Street with convenient access to Highway 1, the property is positioned just minutes from the harbor, beaches, and the vibrant Embarcadero district. Originally built in 1953 and thoughtfully renovated, the asset spans four buildings and offers a well-maintained layout with on-site parking and additional operational components. The expansive site, strong visibility, and established infrastructure create flexibility for a variety of hospitality or specialty lodging concepts
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- Offering Memorandum
Property Facts
| Price | $6,900,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.12 AC |
| Cap Rate | 7.12% | Building Size | 10,586 SF |
| Property Type | Health Care | No. Stories | 1 |
| Property Subtype | Rehabilitation Center | Year Built/Renovated | 1959/2023 |
| Zoning | CT - his local regulation divides municipalities into specific districts (e.g., residential, commercial, industrial) to control building heights, property setbacks, and allowable business types | ||
| Price | $6,900,000 |
| Sale Type | Investment |
| Cap Rate | 7.12% |
| Property Type | Health Care |
| Property Subtype | Rehabilitation Center |
| Building Class | C |
| Lot Size | 1.12 AC |
| Building Size | 10,586 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1959/2023 |
| Zoning | CT - his local regulation divides municipalities into specific districts (e.g., residential, commercial, industrial) to control building heights, property setbacks, and allowable business types |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 068-201-004 | Improvements Assessment | $1,583,487 |
| Land Assessment | $1,934,307 | Total Assessment | $3,517,794 |
Property Taxes
Parcel Number
068-201-004
Land Assessment
$1,934,307
Improvements Assessment
$1,583,487
Total Assessment
$3,517,794
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2460 Main St - Morro Bay Recovery
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