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Jim, Justin and Vickie, Sales Associate
SOLD
$1,800,000
Date 02/20/2024

495 Morro Bay Boulevard
Morro Bay, CA 93442

Retail, Business Opportunities
Residence
3,914
Sqft
0.1
Lot Size
Listing Agent: Andrew Richardson CalDRE: 01872187 - Richardson Sotheby's International Realty, [email protected]

Description for 495 Morro Bay Boulevard Morro Bay, CA 93442

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.

Property Details

SC23180450
Retail, Business Opportunities, 1 Story
San Luis Obispo
1977
0.1 Acres
Public
1
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Listing Agent: Andrew Richardson CalDRE: 01872187 - Richardson Sotheby's International Realty, [email protected]
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Jim, Justin and Vickie Dean Stalter, Broker DRE# 00625377 - 30221 Golden Lantern Ste. A-B, Laguna Niguel, CA 92677 | Phone: (949) 464-8136 | Email: [email protected]

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