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495 Morro Bay BoulevardMorro Bay, CA 93442Sale Price: $1,800,000

  • Sale Price: $1,800,000
  • 114 Days Since Sale
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Federal 30-year interest rate: 6.99% last updated on Jun 6, 2024
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  • $2,050,000List Price
  • 0.1Acreage
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.
Listed by Andrew Richardson of Richardson Sotheby's International Realty (andrew@richardsonproperties.com)

Listing Sold by 1917 Brokerage

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Based on information submitted to CRMLS as of June 13, 2024 1:45 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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