Ground Lease
Market Price
298 Atascadero Road, Morro Bay, CA 93442
1.63 acres
Lot Area
Details:
Description:
The Owner desires to lease the Property at a rental rate and terms that are to be negotiated. The Property Zoning is a Visitor-serving commercial (C-VS) district. Potential uses are detailed in the enclosed C-VS zoning. Situated on 1.63 acres, the property is on a flat lot with the potential for City water, sewer, gas, and electrical as the property once was a warehouse.
The Property is located in a picturesque coastal setting that attracts visitors and businesses alike. Iconic landmarks such as Morro Rock, Morro Bay State Park, and the bustling Embarcadero with its charming mix of shops, galleries, and restaurants. Moro Bay provides a dynamic environment for retail and commercial endeavors. The location benefits from a steady flow of tourists and locals. The Property is conveniently located right off Hwy 1 in Morro Bay’s beautiful coastal fishing village. The restaurants and shops at Morro Rock and the Embarcadero are just a scenic, one-mile walk away. Situated on an approximate 1.63-acre lot, the property is next door to a Motel 6 being renovated and across the street from the newly constructed Hampton Inn Morro Bay. The current zoning for the property is Visitor-Serving Commercial (C-VS) district. Allowed in this zoning district are several potential uses that are identified in the enclosed C-VS Zoning.
1 Space Available
Morro Bay 1.63 Acre Vacant Lot Unknown Sub Type
Documents:
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| Analysis - May 2024 |
Location
