541 Atascadero Road, Morro Bay, CA 93442

List Price
Lot Size
Days on Market
Property Type
Highway 41(770)

Property Description

Vacant land, no structures. 9,013 sq. ft. corner lot located in the desirable beach town of Morro Bay! Zoned R4, Buildable for 4-5 units for townhouses or apartments, located conveniently off the 41, close to beach access, Morro Bay High School and downtown shopping and eateries. Mostly flat land, Morro Rock views and many opportunities. Sewer lateral at property line, utilities immediately accessible. Lot split complete, New APN number assigned. Completed reports/materials: Soils Engineering Report, Survey and Topo Map, Phase 1 and Phase 2 Archeology reports. Seller has paid $36,626.00 in in-lieu park fees for 5 units. 2/3rds of the curb, gutter and sidewalk improvements are completed. The rest of the improvements need to be completed at the time of the building permits. The seller has also resubmitted existing plans for four apartments known as Jade Cove Apartments. A 90 to 120 day escrow would be acceptable. Easy build, don't miss this great opportunity. Seller willing to finance with 40% down with 6% interest rate. Willing to work with Realtors if they bring a qualified buyer. Please inquire for supplemental materials and reports, happy to send.

Additional Information

Mountain(s), Trees/Woods
Attached Structure

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Sherry Sim (sherrysimrealestate@gmail.com) from Listing Office: SIM Real Estate.

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.