SOLD 10/26/2023
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Commercial sold for $1,400,000 in 109 days
464 Morro Bay Blvd Morro Bay, CA, 93442
Off the market Comm Ind For Sale
Entertain, Live, Play in the very heart of downtown Morro Bay at the beautiful Bay Theatre! The 800 sqft one bedroom apartment, the two-car garage, the additional 520 sqft open space above the garage (possible office rental), and the keystone feature - the 314 seat Bay Theatre - are all ready for new ownership. Originally built by the Army Corp of Engineers in 1942, the current ownership for the past 38 years has been a marvelous steward of this "Rock" solid beauty. Very well maintained and cared for, everything is in place to take advantage of multiple income streams, including the apartment, which can be used as a short-term vacation rental.
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Property details
8,810 sqft interior area
Land area
8,810 sqft (0.20 acres)
Address
464 Morro Bay Blvd, Morro Bay, CA, 93442
City of California
Morro Bay
County
San Luis Obispo
Year Built
1942
Parking Spaces
2
District
Morro Bay
Nearby major retailers
Albertsons
T-Mobile
Supermarket: 1
Mobile phone: 1
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Interior Features
2 parking places
Utilities Included
Electricity Connected, Natural Gas Connected, Other
Listed by
Thomas Barket, Tom Barket, Real Estate Broker
Name
Thomas Barket
License number
02037199
Brokerage company
Tom Barket, Real Estate Broker
MLS #
CRSC23093267
Buyer agent
Name
Frankie Ciano
Brokerage company
Compass
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Calculate your monthly payments
Mortgage
$4,299
Taxes
$0
HOA dues
$0
Mortgage
$280,000 / 20%
2.28%
30 years
Your amount
$4,299 / month
Lot details
TMK #066121013
Parcel nr.
066121013
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
—
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%
43%
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
More info
Vehicles available
39% have 2 vehicle
More info
Vehicles by gender
39% have 2 vehicle
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Housing market insights for
$830.36k
Neighborhood average
sales price*
sales price*
$799k
Neighborhood median
sales price*
sales price*
82
Number
of sales*
of sales*
Housing type
69% are single detacheds
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Rooms
44% of the houses have 4 or 5 rooms
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Bedrooms
76% have 2 or 3 bedrooms
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Owners vs Renters
58% are owners
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15 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Oct 26, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Oct 26, 2023 | Sold | $1,400,000 | 158.91 | Public Record |
| Oct 26, 2023 | Price Decrease | $1,400,000 -13.85% | 158.91 | MLS #CRSC23122152 |
| Aug 5, 2023 | Pending | $1,625,000 | 184.45 | MLS #CRSC23122152 |
| Jul 10, 2023 | New Listing | $1,625,000 +16.07% | 184.45 | MLS #CRSC23122152 |
| Jul 10, 2023 | New Listing | $1,625,000 | 0 | MLS #CRSC23093267 |
| Oct 26, 2023 | Sold | $1,400,000 | 0 | Public Record |
| Oct 26, 2023 | Price Decrease | $1,400,000 -13.85% | 0 | MLS #CRSC23093267 |
| Aug 6, 2023 | Pending | $1,625,000 | 0 | MLS #CRSC23093267 |
Taxes of 464 Morro Bay Blvd, Morro Bay, CA, 93442
CC zoning / MLS #CRSC23093267
Zoning
CC
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Frequently Asked Questions about 464 Morro Bay Blvd
What is 464 Morro Bay Blvd?
464 Morro Bay Blvd is a Commercial/Industrial propertywith 8,810 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
464 Morro Bay Blvd, Morro Bay, CA, 93442.
What comparable properties are nearby?
Comparable nearby commercial properties include 600 Morro Bay Blvd, 1218 2nd St, 862 Meinecke Ave, 1370 Chorro St, 1409 Monterey St, 1402 Marsh St.
Based on information from the bridgeMLS as of 05-15-2024. 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: Oct 26, 2023
Verhouse Last checked 1 minute ago
The closest grocery stores are Albertsons, 0.24 miles away and Spencer's Fresh Market, 1.76 miles away.
The 93442 zip area has a population of 60,035, and 33% of the families have children. The median age is 48.72 years and 87% commute by car. The most popular housing type is "single detached" and 58% is owner.
