Residential Development Land for Five
For Sale
$829,000
541 Atascadero Rd, Morro Bay, CA 93442
Land is permitted for a five-unit project with final permits in place and the site ready for breaking ground.
Property SizeContact for details
Lot Size0.21 Acres
Days on Market157
Property Features for 541 Atascadero Rd
General Information
Standard status
Active
Lot size
0.21 Acres
Property subtype
Land
Additional Details
Cap Rate
6%
Multifamily Units
5
Listing Agency:
Joel Pace Real Estate, Inc.
(805) 703-0778
Listed By:
Joel Pace · License #01946105
(805) 703-0778
Source:
Exprealty
Added: Mar 19
Changed: Aug 8
Last Checked: Jul 13 at 2:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Joel Pace Real Estate, Inc.
Investment Insights
Based on property information with market context.
This offering presents residential development land approved for a five-unit project, with final permits in and the ground ready to break on Jade Cove. The site is a 9,000 SF lot designed for the proposed build-out, with remarks indicating views of Morro Rock and the surrounding lush valley.
The seller has indicated willingness to carry up to 50% of the purchase price with interest-only terms, providing added flexibility for qualified buyers.
For developers and investors seeking a permitted multi-unit site with an active path to construction, this parcel is positioned to move forward with the approved scope.
The seller has indicated willingness to carry up to 50% of the purchase price with interest-only terms, providing added flexibility for qualified buyers.
For developers and investors seeking a permitted multi-unit site with an active path to construction, this parcel is positioned to move forward with the approved scope.
Key Highlights
- Land permitted for a 5‑unit project with final permits in place
- Site is ready to break ground for the Jade Cove development
- 5‑unit project on a 9,000 SF lot
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
203
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land is permitted for a five-unit project with final permits in place and the site ready for breaking ground.
Where is this residential land & home lot located?
The property is located at 541 Atascadero Rd Morro Bay, CA.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Land permitted for a 5‑unit project with final permits in place; Site is ready to break ground for the Jade Cove development; 5‑unit project on a 9,000 SF lot
