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    298 Atascadero Rd Morro Bay, CA 93442

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    298 Atascadero Rd Morro Bay, CA 93442


    • Commercial land
    • 1.63 lot acres
    Prime Commercial Land in Morro Bay For Lease
    $4,925,000

    Prime Commercial Land in Morro Bay

    1.63-acre commercial land for lease near Highway 1.

    298 Atascadero Road, Morro Bay, CA 93442
    View Listing
    Property ID
    US09-5069772
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $4,925,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Motel 6 Morro Bay, CA / Hotel & Motel

    Property Details for 298 Atascadero Rd

    Lot size
    1.63 lot acres
    Zone code
    YS
    Property type
    Commercial land
    APN
    066-332-010
    APU
    66332010

    Description

    This exceptional 1.63-acre commercial property in Morro Bay, California, presents a unique investment opportunity. Located at 298 Atascadero Road, 93442, this site boasts a prime location in a thriving coastal community, offering convenient access to Highway 1. The property is zoned Visitor-Serving Commercial (C-VS), allowing for a variety of potential uses as detailed in the zoning documentation. Its strategic position near iconic Morro Rock, Morro Bay State Park, and the vibrant Embarcadero, with its numerous shops and restaurants, ensures high visibility and foot traffic. The site benefits from the constant flow of tourists and local residents. Adding to its appeal, the property is adjacent to a renovated Motel 6 and across the street from a newly built Hampton Inn, indicating a strong commitment to development in the immediate area. This versatile land parcel is ideal for retail, industrial, or special-purpose development, offering significant potential for a range of commercial ventures. The property's classification is B, and it is suitable for single tenancy. The picturesque setting and convenient location make this a truly exceptional opportunity for investors seeking a high-impact coastal commercial development. The total building square footage is currently zero, allowing for complete customization to suit the buyer's specific needs. The property is classified as Flex, R&D, and Warehouse space.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $4,110,000
      ML approach
      $4,600,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Morro Bay
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.857
    Latitude
    35.3793
    CBSA code
    42020
    CBSA name
    SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,498
    $1,040,400
    $0.00
    $1,040,400
    -
    $0.00
    $0.00
    $0.00
    View Listing
    More about this property
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