Alta Realty Group Ca, Inc.
Karen Burr, Alta Realty Group Ca, Inc.Phone: (909) 731-4347
Email: karen@karenburr.com
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listing
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CommercialFor Sale
$6,750,000
1215 Embarcadero
Morro Bay, CA 93442
Listed by Steve Davis DRE#01843738 davis@mccartydavis.com McCarty Davis, Inc.
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$34,942/mo

McCarty Davis is pleased to offer the opportunity to purchase the Morro Bay Landing situated on the water in Morro Bay, CA. The recently constructed commercial building and boat docks provide three individual income streams. The project consists of a +/- 5,239 SF multi-tenant retail building, 25 boat slips and Kayak and Paddle Board storage lockers. With a gross income just north of $500,000, this leasehold interest (36 years on the existing lease with an exclusive right to renegotiate), is priced at a 6 cap and the owner is motivated to sell.

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Information courtesy of McCarty Davis, Inc. is subject to verification and is not guaranteed.
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