495 Morro Bay Boulevard

Morro Bay, CA
$ 3,200,000 Beds 0 Baths 0
Monthly Estimate* How much can I afford?

This centrally located retail property in downtown Morro Bay has just undergone a $1.4 million renovation. The tenant will execute a brand new 10-year sale leaseback at the close of escrow with 4 (5-year) option periods to extend, resulting in a 6.0% initial cap rate. The lease will feature 10% rental increases in Year 6 and at the beginning of each option period.

Commercial

  • Price
  • $ 3,200,000
  • Lot Size
  • 6,012 SqFt
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Year Built
  • 1977
  • Half Bathrooms
  • 0
  • City, Zip
  • Morro Bay
  • County
  • SAN LUIS OBISPO
  • Style
  • Retail
  • Area
  • Morro Bay
  • MLS#
  • PI21099481
  • Zip
  • 93442
Listing Provided by: Jason Hart with Hart Commercial Real Estate.
Data Source: CRMLS

Features

General

Listing Agent Jason Hart - BRE#01334694
Listing Agent State License 01334694
MLS Area MRBY - Morro Bay
Property Sub Type Additional Retail
Property SubType Retail
Property Type Commercial Sale
Special Listing Conditions Standard
Terms Lease Back

Interior Features

Laundry Features None

Exterior Features

Lot Features Corner Lot
Lot Size Acres 0.14
Lot Size Area 6012
Lot Size Square Feet 6012
Lot Size Units Square Feet
Number of Buildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Oxnard, CA office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/10/2021 Listed $3,200,000

Property vs Zip Code Average in 93442

Price
AVG $1.56M
$3.2M
Year Built
AVG 1974
1977
Walkscore
AVG 71
87
Data Provided by Walkscore ® not using MLS data

Map

495 Morro Bay Boulevard Morro Bay, CA is a Single Family Home for sale at $3200000 and a lot size of 6,012 SqFt Acre(s). 495 Morro Bay Boulevard Morro Bay has 0 bedrooms, 0 baths and was built in 1977. The property's zip code is 93442 which is in Morro Bay, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.