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901-915 Embarcadero Rd 7,150 SF 100% Leased Retail Building Morro Bay, CA 93442 $2,200,000 ($307.69/SF) 6.50% Cap Rate
Investment Highlights
- Waterfront
- Heavy Foot Traffic
Executive Summary
McCarty Davis is pleased to offer the opportunity to purchase the leasehold interest at 901-915 Embarcadero in Morro Bay. This multi-tenant building is located on the waterfront with high foot traffic and great visibility. The building is 100% occupied and has the opportunity to add boat slips directly in front of the property.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,150 SF
Building Class
C
Year Built/Renovated
1962/2017
Price
$2,200,000
Price Per SF
$307.69
Cap Rate
6.50%
NOI
$143,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.74
Lot Size
0.22 AC
Zoning
PD - Planned Development
Frontage
100’ on Embarcadero Rd
Walk Score®
Very Walkable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 940-000-186 | Improvements Assessment | $1,093,645 |
| Land Assessment | $765,550 | Total Assessment | $1,859,195 |
Property Taxes
Parcel Number
940-000-186
Land Assessment
$765,550
Improvements Assessment
$1,093,645
Total Assessment
$1,859,195
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901-915 Embarcadero Rd
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