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600 Morro Bay Blvd 1,760 SF Retail Condo Unit Offered at $699,000 in Morro Bay, CA 93442
Investment Highlights
- Size: 1,760 sq ft of flexible ground-floor commercial space
- Building Type: Mixed-use (commercial + residential above)
- Parking: Private, Gated, Underground Parking
- Year Built: 2010 — modern construction with contemporary finishes
- Condition: Turn-key, fully built out, ready for immediate occupancy
Executive Summary
Position your business in the heart of one of California's most iconic coastal communities. Located on a highly visible corner in the vibrant downtown district, this exceptional commercial condominium offers approximately 1,760 square feet of beautifully maintained, ground-floor retail or office space in one of Morro Bay's newest mixed-use developments, constructed in 2010. The property features contemporary construction, an attractive storefront presence, and flexible C-1 commercial zoning, making it well-suited for owner-users, investors, medical or professional offices, boutique retail, specialty services, or hospitality-oriented businesses. The suite enjoys outstanding visibility along Morro Bay Boulevard with excellent signage opportunities and consistent pedestrian and vehicle traffic. Situated just a short stroll from the world-famous Embarcadero, Morro Rock, restaurants, breweries, boutique shopping, galleries, hotels, and waterfront attractions, this location benefits from year-round tourism as well as a strong local customer base. Visitors and clients alike will appreciate the convenient downtown setting, abundant nearby parking, and walkable environment. Previously occupied as a pharmacy, the space offers a versatile layout that can accommodate a wide variety of commercial uses with minimal modifications. Whether you're establishing a flagship retail location, expanding a professional practice, creating a wellness or medical office, or opening a destination business, this turnkey space provides the flexibility and exposure to help your business thrive. Property Highlights Approximately 1,760± square feet of commercial space Premier corner location in downtown Morro Bay Ground-floor storefront with outstanding street exposure Built in 2010 with modern construction and finishes Flexible C-1 Downtown Commercial zoning Mixed-use building with residential units above, providing built-in customer activity Excellent visibility, signage opportunities, and pedestrian traffic Convenient access to restaurants, shopping, hotels, the Embarcadero, and Morro Rock Ideal for retail, professional office, medical, wellness, specialty services, or investment ownership One of the finest commercial opportunities available in Morro Bay's thriving downtown district.
Data Room Click Here to Access
- Offering Memorandum
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Sale Conditions | 1031 Exchange, Lease Option |
| Cap Rate | 6.80% | APN/Parcel ID | 066-125-029 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.80% |
| Sale Conditions | 1031 Exchange, Lease Option |
| APN/Parcel ID | 066-125-029 |
Turn-Key Retail/Commercial Space in the Heart of the Central Coast
An exceptional opportunity awaits owner-users and investors to acquire a premier commercial condominium in one of Morro Bay's finest mixed-use buildings. Suite B at 600 Morro Bay Boulevard offers 1,760 square feet of pristine, move-in-ready commercial space in a coveted downtown location, just steps from the iconic Embarcadero and world-famous Morro Rock.
Property Highlights
Size: 1,760 sq ft of flexible ground-floor commercial space
Year Built: 2010 — modern construction with contemporary finishes
Zoning: C-1 (Central Business District Commercial)
Building Type: Mixed-use (commercial + residential above)
Condition: Turn-key, fully built out, ready for immediate occupancy
Previous Use: Established pharmacy with existing infrastructure in place
Parking: Convenient downtown parking with high foot traffic
A Rare Downtown Asset
Constructed in 2010, this property stands as one of the newest and highest-quality commercial buildings in all of Morro Bay. While much of the downtown inventory dates back decades, 600 Morro Bay Blvd delivers modern building systems, updated ADA compliance, energy-efficient design, and the polished aesthetic that today's businesses and tenants demand. The care and craftsmanship put into this development make it a standout on the boulevard.
Morro Bay's C-1 Central Business District zoning is among the most versatile in the city, permitting a wide range of uses including:
Retail Storefronts — boutiques, galleries, specialty goods, coastal-lifestyle brands
Personal Services — salons, spas, wellness studios, fitness concepts
Restaurants & Cafés — with the potential for full-service dining, coffee shops, or wine/tasting rooms
Professional Offices — medical, dental, financial, legal, and creative
Mixed-Use Development — combining commercial with residential opportunities
This zoning flexibility maximizes leasing and resale potential, making it an ideal fit for both hands-on operators and passive investors.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit B | 1,760 SF | Retail | $699,000 ($397.16/SF) | $47,532 |
Unit B
| Unit Size |
| 1,760 SF |
| Condo Use |
| Retail |
| Price |
| $699,000 ($397.16/SF) |
| NOI |
| $47,532 |
Unit B
| Unit Size | 1,760 SF |
| Condo Use | Retail |
| Price | $699,000 ($397.16/SF) |
| NOI | $47,532 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.80% |
| Sale Conditions | 1031 Exchange, Lease Option |
| APN/Parcel ID | 066-125-029 |
| Description | |
| Prime Downtown Morro Bay Commercial Opportunity<br> Turn-Key Retail/Commercial Space in the Heart of the Central Coast<br> An exceptional opportunity awaits owner-users and investors to acquire a premier commercial condominium in one of Morro Bay's finest mixed-use buildings. Suite B at 600 Morro Bay Boulevard offers 1,760 square feet of pristine, move-in-ready commercial space in a coveted downtown location, just steps from the iconic Embarcadero and world-famous Morro Rock.<br> <br> Property Highlights<br> Size: 1,760 sq ft of flexible ground-floor commercial space<br> Year Built: 2010 — modern construction with contemporary finishes<br> Zoning: C-1 (Central Business District Commercial)<br> Building Type: Mixed-use (commercial + residential above)<br> Condition: Turn-key, fully built out, ready for immediate occupancy<br> Previous Use: Established pharmacy with existing infrastructure in place<br> Parking: Convenient downtown parking with high foot traffic<br> A Rare Downtown Asset<br> Constructed in 2010, this property stands as one of the newest and highest-quality commercial buildings in all of Morro Bay. While much of the downtown inventory dates back decades, 600 Morro Bay Blvd delivers modern building systems, updated ADA compliance, energy-efficient design, and the polished aesthetic that today's businesses and tenants demand. The care and craftsmanship put into this development make it a standout on the boulevard.</li></ul> | |
| Sale Notes | |
| Flexible C-1 Zoning — Endless Possibilities<br> Morro Bay's C-1 Central Business District zoning is among the most versatile in the city, permitting a wide range of uses including:<br> Retail Storefronts — boutiques, galleries, specialty goods, coastal-lifestyle brands<br> Personal Services — salons, spas, wellness studios, fitness concepts<br> Restaurants & Cafés — with the potential for full-service dining, coffee shops, or wine/tasting rooms<br> Professional Offices — medical, dental, financial, legal, and creative<br> Mixed-Use Development — combining commercial with residential opportunities<br> This zoning flexibility maximizes leasing and resale potential, making it an ideal fit for both hands-on operators and passive investors.</li></ul> |
Property Facts
Amenities
- 24 Hour Access
- Corner Lot
- Signage
Nearby Major Retailers
Contact the Sale Advisor
600 Morro Bay Blvd