495 Morro Bay Blvd | Morro Bay, CA 93442
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- LoopNet Team
495 Morro Bay Blvd
Morro Bay, CA 93442
100% Occupied Income-Producing End-Cap Retail · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Perfectly positioned end-cap retail space renovated with an attractive masonry façade, prominent tenant signage, and on-site parking.
- Local ordinance mandates only two storefront dispensaries are permitted within city limits, creating significant barriers to entry.
- Conveniently located .3 miles from Embarcadero, a walkable waterfront district with many restaurants, art galleries, and recreation opportunities.
- Over 26,000 residents live within 5 miles of the property, providing consumer spending of over $417 million across 2022.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
4,340 SF
Building Class
C
Year Built
1977
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.10 AC
Zoning
C1 - Central Business
Parking
5 Spaces (1.15 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 066-064-021 | Improvements Assessment | $1,122,000 |
| Land Assessment | $714,000 | Total Assessment | $1,836,000 |
PROPERTY TAXES
Parcel Number
066-064-021
Land Assessment
$714,000
Improvements Assessment
$1,122,000
Total Assessment
$1,836,000
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