SOLD 02/20/2024
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Commercial sold for $1,800,000 in 142 days
495 Morro Bay Blvd Morro Bay, CA, 93442
Off the market Retail
Discover an exceptional investment opportunity in Morro Bay, California, with this remarkable single-level commercial property at 495 Morro Bay Blvd. Zoned for retail trade and currently operating as one of the town's two exclusive cannabis dispensaries, this fully renovated 3,914 sq ft property presents a rare chance for investors. Featuring strategic corner placement for maximum visibility, proximity to the ocean, a 8.5% cap rate from a lease with one of the largest distributors and cultivators in the United States, and an array of amenities such as 24-hour security, restrooms, a break room, lobby, electric charging, Solar and key card entry, this offering is poised for success. Don't miss out on securing your place in Morro Bay's thriving retail landscape; contact us today for a viewing and explore the endless potential this property offers at an asking price of $2,050,000.
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Property details
3,914 sqft interior area
Land area
4,356 sqft (0.10 acres)
Address
495 Morro Bay Blvd, Morro Bay, CA, 93442
City of California
Morro Bay
County
San Luis Obispo
Previous price
$2,300,000
Year Built
1977
District
Listing
Nearby major retailers
Albertsons
T-Mobile
Supermarket: 1
Mobile phone: 1
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Interior Features
—
Utilities Included
Electricity Connected, Natural Gas Connected, Other, Cable Available
Listed by
Andrew Richardson, Richardson Sotheby's International Realty
Name
Andrew Richardson
License number
01872187
Brokerage company
Richardson Sotheby's International Realty
MLS #
CRSC23180450
Buyer agent
Name
Aaron Young
Brokerage company
1917 Brokerage
Payment calculator
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Mortgage
$5,527
Taxes
$0
HOA dues
$0
Mortgage
$360,000 / 20%
2.28%
30 years
Your amount
$5,527 / month
Lot details
TMK #066064021
Parcel nr.
066064021
93442 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
—
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%
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
More info
Education level
20% have bachelor education
More info
Number of employees
4% work in education and healthcare
More info
Vehicles available
39% have 2 vehicle
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Vehicles by gender
39% have 2 vehicle
More info
Housing market insights for
$829.55k
Neighborhood average
sales price*
sales price*
$798k
Neighborhood median
sales price*
sales price*
81
Number
of sales*
of sales*
Housing type
69% are single detacheds
More info
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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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
Price history
Sold Feb 20, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Feb 20, 2024 | Sold | $1,800,000 | 0 | Public Record |
| Feb 20, 2024 | Price Decrease | $1,800,000 -12.2% | 0 | MLS #CRSC23180450 |
| Feb 16, 2024 | Pending | $2,050,000 | 0 | MLS #CRSC23180450 |
| Feb 2, 2024 | Under contract | $2,050,000 | 0 | MLS #CRSC23180450 |
| Jan 3, 2024 | For sale | $2,050,000 | 0 | MLS #CRSC23180450 |
| Jan 3, 2024 | Price Decrease | $2,050,000 -16.33% | 0 | MLS #CRSC23180450 |
| Oct 29, 2023 | Pending | $2,450,000 | 0 | MLS #CRSC23180450 |
| Oct 2, 2023 | New Listing | $2,450,000 | 0 | MLS #CRSC23180450 |
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Frequently Asked Questions about 495 Morro Bay Blvd
What is 495 Morro Bay Blvd?
495 Morro Bay Blvd is a Commercial/Industrial propertywith 3,914 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
495 Morro Bay Blvd, Morro Bay, CA, 93442.
What comparable properties are nearby?
Comparable nearby commercial properties include 850 Quintana Rd, 1218 2nd St, 35 Blarney Ln, 862 Meinecke Ave, 1370 Chorro St, 1409 Monterey 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: Feb 20, 2024
Verhouse Last checked 5 minutes ago
The closest grocery stores are Albertsons, 0.22 miles away and Spencer's Fresh Market, 1.73 miles away.
The 93442 zip area has a population of 60,035, and 33% of the families have children. The median age is 48.76 years and 87% commute by car. The most popular housing type is "single detached" and 58% is owner.
