Multi-Family Development
For Sale
Contact for pricing
Pending
545 Atascadero Road, Morro Bay, CA 93442
Entitlements are nearly completed for a 16-unit townhome-style multifamily complex, pending remaining environmental studies.
Property SizeContact for details
Days on Market134
Property Features for 545 Atascadero Road
General Information
Standard status
Pending
Property subtype
Land
Additional Details
Multifamily Units
16
Building Details
Tenancy
Multi
Listing Agency:
Century 21 Masters
(805) 481-4297
Listed By:
James Kelsey · License #CA
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 6:37PM
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 Century 21 Masters
Investment Insights
Based on property information with market context.
This land offering presents a development opportunity for a near shovel-ready 16-unit multi-family townhome apartment complex. Public remarks indicate that entitlements with the City of Morro Bay Planning Department are nearly completed, with the remaining step being the completion of required environmental studies.
After those environmental studies are finished, the project can be resubmitted for final Planning Commission review and approval. The building site is described as being near Morro Rock and close to other new multi-family developments.
As presented, this is a suitable parcel for a multi-family townhome concept, with the entitlement process already advanced and the next phase tied to environmental study completion and resubmittal.
After those environmental studies are finished, the project can be resubmitted for final Planning Commission review and approval. The building site is described as being near Morro Rock and close to other new multi-family developments.
As presented, this is a suitable parcel for a multi-family townhome concept, with the entitlement process already advanced and the next phase tied to environmental study completion and resubmittal.
Key Highlights
- Near shovel‑ready 16‑unit townhome‑style multifamily complex
- Entitlements are nearly completed with the City of Morro Bay Planning Department
- Remaining environmental studies needed to resubmit for final planning commission review and approval
Property Analytics
Current Use
Lease Details
16
Residential units
Multi-tenant
Tenancy
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 - Entitlements are nearly completed for a 16-unit townhome-style multifamily complex, pending remaining environmental studies.
Where is this residential land & home lot located?
The property is located at 545 Atascadero Road Morro Bay, CA.
What are key features of this property?
This property features: Near shovel‑ready 16‑unit townhome‑style multifamily complex; Entitlements are nearly completed with the City of Morro Bay Planning Department; Remaining environmental studies needed to resubmit for final planning commission review and approval
