Turn-Key Ground-Floor Retail
B-600 Morro Bay Morro Bay, CA 93442
For Sale
$699,000
Move-in-ready 1,760 sf ground-floor commercial suite in a mixed-use building, built 2010, zoned C-1.
Property Size1,760 SF
Price / SF$397.16
Days on Market8
Property Features for B-600 Morro Bay
General Information
Standard status
Active
Size
1,760 SF
Listing Agency:
Modern Broker
(805) 709-8899
Listed By:
Michelle Boghosian · License #01807879
(805) 709-8899
Source:
Exprealty
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 26 at 11:47PM
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 Modern Broker
Investment Insights
Based on property information with market context.
Suite B offers a turn-key, fully built-out ground-floor commercial space of approximately 1,760 square feet in a mixed-use building with commercial space on the ground level and residential above. Constructed in 2010, the suite is presented as move-in-ready with contemporary finishes, and the building is described as updated for ADA compliance and designed with energy-efficient features. The previous use was an established pharmacy, and existing infrastructure is noted as being in place.
Located in downtown Morro Bay, the suite is described as being steps from the Embarcadero and Morro Rock, with convenient nearby downtown parking and high foot traffic.
Zoned C-1 (Central Business District Commercial), the space is positioned for a flexible mix of uses, including retail storefronts, personal services, restaurants/cafés, professional offices, and mixed-use development.
Located in downtown Morro Bay, the suite is described as being steps from the Embarcadero and Morro Rock, with convenient nearby downtown parking and high foot traffic.
Zoned C-1 (Central Business District Commercial), the space is positioned for a flexible mix of uses, including retail storefronts, personal services, restaurants/cafés, professional offices, and mixed-use development.
Key Highlights
- Suite B at 600 Morro Bay Boulevard offers 1,760 SF of ground‑floor commercial space
- Move‑in‑ready, fully built out for immediate occupancy; previous use was an established pharmacy
- Built in 2010 in a mixed‑use building with commercial on the ground floor and residential above
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.2k | $24.00 |
| − Vacancy | −$1.4k | −$0.79 |
| EGI | $40.8k | $23.21 |
| − OpEx | −$12.3k | −$6.96 |
| NOI | $28.6k | $16.25 |
1,760 SF · lease $24.00/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$408.5K
$357.4K – $476.5K
NOI $28,592 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$692.2K
$605.7K – $807.6K
NOI $48,453 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Harbor Floral Studio — 868 Napa Ave, Morro Bay, CA 93442
- Albertsons Floral — 730 Quintana Rd, Morro Bay, CA 93442
Frequently Asked Questions
What type of property is this?
Storefront property - Move-in-ready 1,760 sf ground-floor commercial suite in a mixed-use building, built 2010, zoned C-1.
Where is this storefront property located?
The property is located at B-600 Morro Bay Morro Bay, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Suite B at 600 Morro Bay Boulevard offers 1,760 SF of ground‑floor commercial space; Move‑in‑ready, fully built out for immediate occupancy; previous use was an established pharmacy; Built in 2010 in a mixed‑use building with commercial on the ground floor and residential above
