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781 Market Ave Morro Bay, CA, 93442
$3,890,000 Land for sale 1.60 acres
Seeking Buyer/Lessor to develop a hospitality property delivering tax generating benefits on City-owned property. The City is offering this property to a Lessor/Buyer with the intent they develop a hospitality project generating on-going TOT (Transient occupancy tax). The zoning allows for a wide range of tourist service uses; Zoned C-VS/PD/S.4 (existing restaurant and parking lot) and C-VS/PD/S.3/S.4 (upper parking lot). The project sits partially on the Embarcadero, the main tourist area in Morro Bay. The balance of the property rises up and sits on the bluff overlooking the Embarcadero and Morro Bay. Subject property is +/- 1.60 Acres. Call listing agent for showing instructions. Pre-approval required for touring property. Purchase Price: $3,890,000 per most current appraisal, 2021. Call for more details.
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Property details
69,696 sqft interior area
View
Bay, Greenbelt, Marina, Panoramic, Water, Other, Ocean
Land area
69,696 sqft (1.60 acres)
Price per sqft
$55/sqft
Days on Verhouse
1200
Address
781 Market Ave, Morro Bay, CA, 93442
City of California
Morro Bay
County
San Luis Obispo
Previous price
$2,498,000
District
Listing
Zoning
CVS/
Open Houses
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Listed by
Stephen Mccarty, McCarty Davis, Inc.
Name
Stephen Mccarty
License number
00977930
Brokerage company
McCarty Davis, Inc.
MLS #
CRSP21011224
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Calculate your monthly payments
Mortgage
$11,944
Taxes
$0
HOA dues
$0
Mortgage
$778,000 / 20%
2.28%
30 years
Your amount
$11,944 / month
Lot details
TMK #066321027
Parcel #
066321027
93442 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 93442
33%
Families with children
National average: 39%
44%
Non family households
60,035
Population
$92,919
Average Income
Age & gender
Median age 48 years
More info
Commute types
87% commute by car
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Education level
20% have bachelor education
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Number of employees
4% work in education and healthcare
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Vehicles available
39% have 2 vehicle
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Vehicles by gender
39% have 2 vehicle
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Housing market insights for
$851.41k
Neighborhood average
sales price*
sales price*
$830k
Neighborhood median
sales price*
sales price*
73
Number
of sales*
of sales*
Housing type
68% are single detacheds
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Rooms
44% of the houses have 4 or 5 rooms
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Bedrooms
75% have 2 or 3 bedrooms
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Owners vs Renters
58% are owners
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16 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Location Details, Documents & Disclosures
—
Directions to property
Cross Streets: Pacific Street &
Price history
Price Increase Dec 26, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Dec 26, 2023 | Price Increase | $3,890,000 +55.72% | 55.81 | MLS #CRSP21011224 |
| Jan 18, 2021 | New Listing | $2,498,000 | 35.84 | MLS #CRSP21011224 |
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Frequently Asked Questions about 781 Market Ave
What is 781 Market Ave?
781 Market Ave is a lot of 1.60 acres (about is 69,696 sqft).
What is the full address of this Land?
781 Market Ave, Morro Bay, CA, 93442.
Tell me about the point of interest nearby
The closest grocery stores are Albertsons, 0.47 miles away and Spencer's Fresh Market, 1.7 miles away.
Based on information from the bridgeMLS as of 05-03-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Jan 07, 2024
Verhouse Last checked 5 minutes ago
The closest grocery stores are Albertsons, 0.47 miles away and Spencer's Fresh Market, 1.7 miles away.
The 93442 zip area has a population of 60,035, and 33% of the families have children. The median age is 48.79 years and 87% commute by car. The most popular housing type is "single detached" and 58% is owner.
