201 -203 Main StreetMorro Bay, CA 93442Price: $3,750,000

  • Price: $3,750,000
  • Est. Mortgage of $/month
  • 126 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 5.25% last updated on May 19, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $3,750,000List Price
  • 0.55Acreage
Waterfront income property on the Central Coast of California with 3 houses! Marina portion includes 28 boat spaces,2 restrooms and a pier/dock. Water lease with the City of Morro Bay has 12 years left on the current lease with an option for an additional 20 years. Huge demand for boat slips in the area and rental housing,zero vacancy for the past eight years. This property is owner managed and not overly demanding. Rare opportunity to have a water lease and own the upland real estate. Offered at a 5.7% cap rate.
Listed by Morro Shores Real Estate

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 "Based on information submitted to CA_CRMLS as of May 22, 2022 3:53 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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