Description
McCarty Davis is pleased to offer the opportunity to purchase the Morro Bay Landing situated on the water in Morro Bay, CA. The recently constructedcommercial 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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0BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
McCarty Davis is pleased to offer the opportunity to purchase the Morro Bay Landing situated on the water in Morro Bay, CA. The recently constructedcommercial 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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-13T00:33:02.94. 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 Realty ONE Group Empire. Licensed in the State of California, USA.