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0 Beds
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0.21 Acres
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535 Atascadero Road Morro Bay, CA

$559,000

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Property Description

Ready to Build! 9,013 sq. ft. corner lot located in the desirable beach town of Morro Bay! Zoned R4, Buildable for 4-5 units for townhouses or apartments, located conveniently off the 41, close to beach access, Morro Bay High School and downtown shopping and eateries. Mostly flat land, Morro Rock views and many opportunities. Sewer lateral at property line, utilities immediately accessible. Lot split complete, New APN number assigned (see parcel map attached in supplemental materials). Completed reports: Soils Engineering Report, Survey and Topo Map, Phase 1 and Phase 2 Archeology reports (no significant findings). Seller has paid $5,792 tax bond and $36,626.00 in in-lieu park fees etc. These fees are for a full build of 5 units.

Price adjustment as the seller begins 2/3rds of the curb, gutter and sidewalk improvements that started on Monday July 19th. The rest of the improvements need to be completed at the time of the building permits. The seller has also resubmitted existing plans for four apartments known as Jade Cove Apartments. A 90 to 120 day escrow would be best. Ready for construction!! Easy build, don’t miss this great opportunity. Seller willing to finance with 50% down with 6% interest rate.

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Property Information

  • Address: 535 Atascadero Road, Morro Bay, CA 93442. 
  • Price: $559,000 
  • Acres: 0.21 
  • MLS #: SC21097016 
  • Listing Courtesy of: Beachside Rentals, Inc. 
  • City: Morro Bay 
  • Postal Code: 93442 
  • County: San Luis Obispo 
  • Property Square Footage: 9013.00 

Neighborhood Information

  • Neighborhood: Highway 41(770) 

Amenities

  • View: Mountain(s),Peek-A-Boo,Rocks 

Other

  • Description: Ready to Build! 9,013 sq. ft. corner lot located in the desirable beach town of Morro Bay! Zoned R4, Buildable for 4-5 units for townhouses or apartments, located conveniently off the 41, close to beach access, Morro Bay High School and downtown shopping and eateries. Mostly flat land, Morro Rock views and many opportunities. Sewer lateral at property line, utilities immediately accessible. Lot split complete, New APN number assigned (see parcel map attached in supplemental materials). Completed reports: Soils Engineering Report, Survey and Topo Map, Phase 1 and Phase 2 Archeology reports (no significant findings). Seller has paid $5,792 tax bond and $36,626.00 in in-lieu park fees etc. These fees are for a full build of 5 units.

    Price adjustment as the seller begins 2/3rds of the curb, gutter and sidewalk improvements that started on Monday July 19th. The rest of the improvements need to be completed at the time of the building permits. The seller has also resubmitted existing plans for four apartments known as Jade Cove Apartments. A 90 to 120 day escrow would be best. Ready for construction!! Easy build, don't miss this great opportunity. Seller willing to finance with 50% down with 6% interest rate. 
  • List Date: May 8, 2021 
  • Status: Active 
  • Directions: exit 101, head east on highway 41, turn left onto Hill street, R onto Atascadero Road. Lot is on corner of Hill street and Atascadero Road 

Other

  • Listing Agent State License: 02000990 
  • Listing Office State License: 01928566 

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Based on information from California Regional Multiple Listing Service, Inc. as of October 15th, 2021 at 23:49:06PM UTC. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.