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Morro Bay, CA 93442,205 Harbor ST
Morro Bay, CA 93442,205 Harbor ST
Morro Bay, CA 93442,205 Harbor ST
$1,000,000
Est. payment /mo
$1,295,000
22.8%
Est.Price: ?

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0.39 Acres Lot
SOLD DATE : 01/08/2021

Key Details

Sold Price $1,000,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision Embarcadero(750)

MLS Listing ID PI20075067

Lot Size 0.390 Acres

Property 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.

Location

State CA

County San Luis Obispo

Area Mrby - Morro Bay

Zoning CVS

Exterior

Community Features Urban

View Y/N Yes

View Bay

Building

Lot Description Gentle Sloping

Water Public

New Construction No

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Steven Relth • Lee and Associates
Bought with Steven Relth • Lee and Associates
agent
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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