Description
Seeking buyer/lessor to develop a hospitality property delivering tax generating benefits on city-owned property. the city is offering this property to a lessor/buyer with the intent they develop a hospitality project generating on-going tot (transient occupancy tax). the zoning allows for a wide range of tourist service uses; zoned c-vs/pd/s.4 (existing restaurant and parking lot) and c-vs/pd/s.3/s.4 (upper parking lot). the project sits partially on the embarcadero, the main tourist area in morro bay. the balance of the property rises up and sits on the bluff overlooking the embarcadero and morro bay. subject property is +/- 1.60 acres. call listing agent for showing instructions. pre-approval required for touring property. purchase price: $3,890,000 per most current appraisal, 2021. call for more details.
Property Type
LandSubdivision
FallbrookCounty
San Luis ObispoStyle
LandAD ID
42855616
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BuyOwner last updated this listing 04/27/2024 @ 10:11
- MLS: SP21011224
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Offer of compensation is made only to participants of the MLS where the listing is filed.
is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 69,696 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Morro Bay , in zip code 93442, this San Luis Obispo County Land , it is in the FALLBROOK Subdivision, are nearby neighborhoods.