1598 Main St Morro Bay, CA 93442
- Retail properties
- 4,400 SF
Current Use by Public Records
- Central Coast Carts / Golf Cart Dealer
- Propane on Main / Propane Supplier
- Koppla Golf Scooter Shop / Golf Shop
Property Details for 1598 Main St
- Property size
- 4,400 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional Morro Bay retail investment presents a compelling opportunity. Located at 1598 Main St, Morro Bay, CA 93442, this 4,400 square foot storefront sits on a 18,295 square foot lot at the high-traffic southeast corner of Preston Lane and Main Street, offering excellent visibility from Highway 1 and the Highway 46 intersection. Currently 100% occupied under a gross lease with a corporate-guaranteed tenant, Central Coast Carts, with a remaining lease term of 2 years, this property provides immediate cash flow. The asking price is $2,800,000, translating to a price per square foot of $636.36. The building boasts a well-designed layout including a prominent sales counter and display area, a spacious showroom, private offices, a dedicated workshop for repairs, ample storage, and potential for future expansion. A unique feature is its status as one of the few propane retailers in Morro Bay. This property is situated in San Luis Obispo County and benefits from its prime location in a high-traffic area, making it an attractive investment for those seeking a stable, income-generating asset in a desirable coastal California market. The single-unit building offers a straightforward investment with a strong tenant and significant potential for long-term growth.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morro Bay
- County
- San Luis Obispo
- State
- California
- Longitude
- -120.854
- Latitude
- 35.3773
