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    Atascadero Rd Morro Bay, CA 93442

    For Sale
    $3,900,000

    Land/Lot - Morro Bay, CA

    Lot size:
    162,479.00 Acres
    Days on Market:
    864
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for Atascadero Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CVS
    APN
    065182009,
    Exterior features
    Community Features Included: Biking, Golf, Park
    Lot size
    162,479.00 Acres

    Utilities

    Water front features
    Beach Front
    Water front
    1

    Building Details

    Architectural style
    Other

    Franklin Real Estate & Rentals (805) 772-4277 [email protected]

    Listing agent Jack Franklin (805) 772-4277 License #00426210

    Listing date Aug 5, 2023

    MLS# SC23145620 Listing URL

    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Oceanfront Land in Morro Bay

    This is a 3.73-acre oceanfront land parcel zoned for commercial visitor use. It fronts Morro Bay's sand dunes and the 3-mile beach strand, with views of Morro Rock. Morro Bay is a vacation destination known for its fishing village atmosphere, restaurants, sailing, boating, and air quality. The location provides access to Cayucos, Cambria, Hearst Castle, Paso Robles, and San Luis Obispo. The land is positioned near county activities. Potential uses include a hotel complex with accessory shops and a restaurant, an Ocean Institute and Coastal Visitor Center, or an RV park with storage. An 82-page biological and wetland assessment report was prepared in 2001, indicating coverage of scrub willow trees and ice plants. The City will require an updated report, a soil report, and a set of plans to apply for a building permit. The City and Coastal Commission prioritize commercial visitor-serving uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Morro Bay
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.860365
    Latitude
    35.380319

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    FAQs

    What type of property is this?
    Commercial land - 3.73 acres of commercial visitor-zoned land fronting Morro Bay.
    Where is this commercial land located?
    The property is located at Atascadero Rd Morro Bay, CA.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - Prime oceanfront land: 3.73 acres zoned for commercial visitor use.; - Direct access to a 3-mile beach and views of Morro Rock, located on Morro Bay's sand dunes.; - Potential for a major brand hotel complex, Ocean Institute, Coastal Visitor Center, or RV park & storage.
    (805) 772-4277
    Request Owner's contact information
    Atascadero Rd Morro Bay, CA 93442
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    Morro Bay, CA 93442
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Atascadero Rd Morro Bay, CA 93442
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