650 Morro Bay Blvd | Morro Bay Blvd/ Piney Way Mixed Use
Morro Bay Blvd/ Piney Way Mixed Use | 650 Morro Bay Blvd
5 Unit Apartment Building
$2,500,000 ($500,000/Unit)
Morro Bay, CA 93442INVESTMENT HIGHLIGHTS
EXECUTIVE SUMMARY
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
UNIT AMENITIES
SITE AMENITIES
