Morro Bay Blvd/ Piney Way Mixed Use | 650 Morro Bay Blvd
5 Unit Apartment Building
$2,500,000 ($500,000/Unit)
Morro Bay, CA 93442
INVESTMENT HIGHLIGHTS
- 3 APNs Land and Buildings only for sale:
753 Piney- SFR, family occupied. Possible rent 2k per month
775 Piney- Pest Company, month to month
In the heart of Morro Bay, this exceptional legacy mixed-use property spans three legal APNs/Lots and offers a rare investment opportunity. The property includes a 975-square-foot single-family home at 753 Piney Way, a commercial retail building, and a 1,676-square-foot restaurant. The retail building, located at the corner of Morro Bay Blvd and Piney Way, houses three commercial units: 775 Piney Way with 1,400 square feet (currently occupied by a pest control company), 698 Morro Bay Blvd with 1,600 square feet (formerly a dance studio), 696 Morro Bay Blvd with 1,300 square feet (currently occupied by a thrift store). Sitting on its own legal lot is 650 Morro Bay Blvd with a 1,676-square-foot restaurant. The property also includes a 6,650-square-foot parking lot. Please note that the businesses are not for sale; this listing is for the real estate only. This is a unique opportunity to own a versatile multi-use property in the vibrant coastal community of Morro Bay. All measurements are approximate and have not been verified.
PROPERTY FACTS
| Price |
$2,500,000 |
Apartment Style |
Low-Rise |
| Price Per Unit |
$500,000 |
Building Class |
C |
| Sale Type |
Investment |
Lot Size |
0.60 AC |
| Sale Condition |
Deferred Maintenance |
Building Size |
6,242 SF |
| No. Units |
5 |
No. Stories |
1 |
| Property Type |
Multifamily |
Year Built |
1975 |
| Property Subtype |
Apartment
|
|
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UNIT AMENITIES
SITE AMENITIES
