Prime commercial property for sale in the heart of town, offering an exceptional investment opportunity. This 2,322 square foot building is situated on a substantial 17,860 square foot lot, strategically located in a high-traffic area with excellent footfall, making it ideal for various commercial uses. The property comprises two buildings currently occupied by well-established businesses: an Auto Mechanic and a Machine Shop, ensuring consistent rental income (note that businesses are not for sale). Recent upgrades include a new roof for the Machine Shop in 2019 and a refreshed front facade in 2018, enhancing both the aesthetic appeal and structural integrity of the property. This prime location, combined with the solid tenant base and recent improvements, presents a compelling proposition for investors looking to expand their real estate portfolio or for entrepreneurs seeking a prominent location for their next venture. Don't miss this unique opportunity to secure a highly desirable commercial property in a thriving community. For more information or to schedule a viewing, please contact your Realtor today!
Mls | SC24094886 |
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Listing Type | For Sale |
Style | Industrial |
Subtype | Resale |
Status | Active |
Year | 1958 |
Days On Site | 208 |
Listing Provided By | Coast Realty 805.225.2284 | Christopher Bath |
Sq Feet | 2,322 |
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Storys | 1 |
Buildings | 2 |
Acreage | 0.41 |
State | CA |
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County | San Luis Obispo |
City | Morro Bay |
Zip Code | 93442 |
Area | MRBY Morro Bay |
Listing VS Median (in 93442) | |
Price: $1,425,000 low | high Med: $940,000 SqFt: 2,322 low | high Med: 1,530 $ / SqFt: $614 low | high Med: $614 On Site: 208 low | high Med: 1116.000000 |