$1,295,000

205 Harbor Street

Morro Bay CA, 93442

Description

Site for construction of a new 30 unit hotel on the bluff above Morro Bay's Embarcadero, 18,600 sq ft of construction, plus parking for 33 vehicles. Project is on the site of the former Harbor View Hotel in Morro Bay, on six lots bounded by Harbor Street, Market Avenue, Front Street, and Pelican alley. The site features commanding views of Morro Rock and the Pacific Ocean, as well as the picturesque harbor at Morro Bay. Existing rentals produce approximately $4000 in monthly income (structures to be demolished at time of development). Project is not yet approved, but ready for CEQA/MND review.

Details

MLS#PI20075067
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Days On Site175

Features

ZoningCVS
Acreage0.39
Property ViewYes

Market Activity 93442

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Area Information
StateCA
CountySan Luis Obispo
CityMorro Bay
Zip Code93442
AreaMRBY - Morro Bay
Listing VS Median (in 93442)
Price:
$1,295,000
low | high
Med:
$759,000
91.389961389961% of Average
On Site:
175
low | high
Med:
367
47.683923705722% of Average
Listing Updated: November 22, 2020 11:26:47 PM PST
Steven Relth LogoMLS Number: PI20075067
Listing Provided By:
Steven Relth  of  Lee and Associates
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