2900 Alder Avenue, Morro Bay, CA 93442

$850,000
List Price
$850,000
Price Change
▼ $99,000 1705646446
Status
ACTIVE
MLS#
SC23211391
Lot Size
6,000
Acres
0.14
Lot Location
Corner Lot, Rectangular Lot
Days on Market
186
Property Type
Land
Neighborhood
North Morro Bay (820)

Property Description

EVERLYGROVE HOTEL BROKERS is pleased to announce the opportunity to acquire the fee-simple interest in the land located at 2900 Alder Avenue. A 5 unit, single occupancy development has been approved by the city of Morro Bay. The approved plans include a 2,400 square foot building built upon a 6,000 square foot lot. 2900 Alder Avenue has a base zoning of Neighborhood Commercial allowing the property to be developed in various ways. Neighborhood Commercial is defined by the city of Morro Bay as the following: This district is intended to provide areas for smaller-scale neighborhood commercial areas that provide goods, services, and businesses to meet the day-to-day needs of nearby residents. Residential uses are allowed above and behind commercial uses and as stand-alone development in certain areas. This property could be developed into the following: - Hotel/Motel/ADUs (currently approved for this use by city of Morro Bay) - Restaurant - Tasting Room - Offices *Please note that this is not an exhaustive list of development opportunities for 2900 Alder Ave. Please check with the city of Morro Bay for full details.

Additional Information

View
Water
Water
Public
Attached Structure
Detached

Listing courtesy of Listing Agent: Aaron Graves (aaron@everlygrove.com) from Listing Office: EverlyGrove.

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.