8255 Morro Rd Atascadero, CA 93422-3943
- Retail space
- 360 SF
- 0.82 lot acres
Current Use by Public Records
- Four Seasons Lawn Care / Landscaper
- Moore's Western Nursery / Landscaper / Florist
Property Details for 8255 Morro Rd
- Year built
- 1952
- Construction
- WOOD
- Lot size
- 0.82 lot acres
- Property size
- 360 SF
- Zone code
- CR
- Property type
- Retail space
- APN
- 031-242-020
- APU
- 31242020
Description
This exceptional 0.82-acre commercial lot, situated at 8255 Morro Road in Atascadero, California, presents a unique investment opportunity. Currently zoned Commercial Retail (CR), this property boasts significant potential for future development. Scheduled for a zoning change to Mixed-Use in the first quarter of 2025 (Phase 4 of the General Plan), this lot offers flexibility for a variety of uses. Contact the City of Atascadero for detailed information on proposed future usage options under the new zoning. The property's existing infrastructure includes crucial utilities such as curb, gutter, and sidewalk, along with readily available electric, gas, and water connections. A 360-square-foot office building is also included on the site. Its strategic location provides convenient street access from both Morro Road and Amapoa Avenue, ensuring high visibility and accessibility for any business. The asking price for this remarkable property is $1,100,000. This is a rare chance to acquire a well-positioned commercial lot poised for significant growth and future development possibilities. Don't miss this opportunity to secure a prime piece of Atascadero real estate.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $440,000
- 6.5%
- $435,000
- 7%
- $395,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $400,000
- Geo Method
- $390,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $430,000
- Retail
- $420,000
- Mixed-Use
- $365,000
- Hospitality
- $385,000
- Educational
- $385,000
- Residential Income
- $355,000
- Energy
- $405,000
- Income-Based Land
- $385,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Atascadero
- County
- San Luis Obispo
- State
- California
- Longitude
- -120.668
- Latitude
- 35.4726
- CBSA code
- 42020
- CBSA name
- SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA