545 Main Street

    Morro Bay, CA 93442
    • $1,795,000
    • STATUS: Active
    • ON SITE: 265 days
    • ID#: SC19043819
    $1,795,000
    • 0
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,098
      SQFT
    • $352
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Outstanding views and location for this commercial property located in beautiful Morro Bay! Designed by architect James H. Maul, this professional office building has 7 units and is zoned R-4 on a 17,424 square foot lot with a lot of potential. This income producing property currently has medical and professional offices with stable, long-term tenants. There are 3 units on the ground level and 4 units on the second level, with a new elevator installed in 2018 and a large paved parking lot with plenty of spaces. With only a few blocks to the waterfront and downtown, the location is very desirable for businesses and their visiting clients.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-19T00:27:25.833. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/92166555

    545 Main Street Morro Bay, CA 93442

    • Price: $1,795,000
    • Status: Active
    • ID#: SC19043819
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    5,098
    SQFT
    $352
    $/SQFT
    Neighborhood:
    MRBY - Morro Bay
    County:
    San Luis Obispo
    Area:
    MRBY - Morro Bay
    Property Description
    Outstanding views and location for this commercial property located in beautiful Morro Bay! Designed by architect James H. Maul, this professional office building has 7 units and is zoned R-4 on a 17,424 square foot lot with a lot of potential. This income producing property currently has medical and professional offices with stable, long-term tenants. There are 3 units on the ground level and 4 units on the second level, with a new elevator installed in 2018 and a large paved parking lot with plenty of spaces. With only a few blocks to the waterfront and downtown, the location is very desirable for businesses and their visiting clients.
    Exterior Features

    Construction Materials Shingle SidingStucco Lot Features Corner LotLandscapedLot 10000-19999 SqftLevelNear Public TransitPark NearbyPavedSprinkler System Lot Size Source Assessor Lot Size Units Square Feet Roof Tar/Gravel Waterfront Features Across The Road From Lake/OceanMarina in CommunityOcean Side Of Highway 1

    Interior Features

    Building Features Elevators Condo Area Units Square Feet Cooling None Cooling YN No Heating Forced AirNatural Gas Heating YN Yes Laundry Features None Office Square Footage 5101

    Property Features

    Additional Parcels YN No Asset Class Office Building Area Units Square Feet Building Status Existing Business Type Professional/Office Country Us Electric Expense 829.00 Expense Year 2018 Gross Scheduled Income 85752.00 Insurance Expense 2095.00 Investment Property YN Yes Land Use Multi-FamilyOfficeOther Laundry YN No Leasable Area Units Square Feet Maintenance Expense 1305.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 7 Occupancy Occupied Other Expense 4699.00 Property Sub Type Office Real Estate Tax Expense 8913.00 Special Listing Conditions Standard Supplies Expense 630.00 Total Expenses 22097.00 Total Monthly Rent 7146 Trash Expense 1216.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedWater Connected Water Sewer Expense 2900.00 Water Source Public Zoning R-4

    Listing provided courtesy of Candice Bell of Shoreline Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-19T00:27:25.833. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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