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McCarty Davis is pleased to offer the opportunity to purchase the Morro Bay Landing situated on the water in Morro Bay, CA. The recently constructedcommercial building and boat docks provide three individual income streams. The project consists of a +/- 5,239 SF multi-tenant retail building, 25 boat slips and Kayak and Paddle Board storage lockers. With a gross income just north of $500,000, this leasehold interest (36 years on the existing lease with an exclusive right to renegotiate), is priced at a 6 cap and the owner is motivated to sell.
Last Updated | 8/12/2024 | Year Built | 2020 |
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Community | Morro Bay | County | San Luis Obispo |
Additional Details
AREA | Morro Bay |
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LOT | 5239 sq ft |
LOT DESCRIPTION | Level |
STORIES | 2 |
WATER | Public |
WATERFRONT | Yes |
WATERFRONT DESCRIPTION | Bayfront,Ocean Front |
Location
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