Listing Agency: Western Hotel Brokers d***@westernhotelbrokers.com Show Phone

Listed By: Deborah King · License #CA 00865269

Source: Crexi

Added: Feb 12 Changed: Aug 13 Last Checked: Aug 20 at 9:41PM

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Investment Insights

Based on property information with market context.

Located in Morro Bay, this boutique hotel offers views of the ocean and Morro Rock. The property is situated in a desirable coastal environment, reflecting the area’s natural beauty and relaxed coastal character. The property includes expansion opportunities for 11 units, with the project already well advanced in the permit process. This provides a path to future growth in a supply-constrained coastal market.

Key Highlights

• Boutique hotel in Morro Bay.
• Ocean views and views of Morro Rock.
• Located in a highly desirable coastal environment.

Property Analytics

Property Profile

Current Use

Beach Bungalow Inn ... Bed & Breakfast

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Dental Office Grocery & Convenience Store Tech Support Center Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,258

Businesses Nearby

Explore this area Business Placement

Demographics for 93442, CA

11,390

Population

6,537

Households

1.7

Avg Household Size

54

Median Age

45%

College-Educated

93%

High-School Grad

44.5 sq mi

ZIP Area

256

Density / Sq Mi

$92,163

Median Household Income

$50,651

Median Earnings

$1,815

Median Rent

$870,600

Median Home Value

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Frequently Asked Questions

What type of property is this?

Hotel - Boutique hotel with ocean views and expansion potential.

Where is this hotel located?

The property is located at 1050 Morro Ave Morro Bay, CA.

What is the asking price?

The asking price for this property is $4,495,000.

What are key features of this property?

This property features: Boutique hotel in Morro Bay.; Ocean views and views of Morro Rock.; Located in a highly desirable coastal environment.