2460 Main St - Hospitality FOR SALE


Morro Bay, CA 93442- Morro Bay/Cayucos/Cambria
$6,900,000 USD
805-704-0334
2460 Main St, Morro Bay, CA for Sale
$6,900,000 USD
Hospitality - FOR SALE
1/17
null | 7.12% Cap Rate


OVERVIEW

EVERLYGROVE HOTEL BROKERS is pleased to present the opportunity to acquire the Morro Bay Recovery Center, a 29-room hospitality property situated on ±1.3 acres in Morro Bay, California. Located along Main Street with convenient access to Highway 1, the property is positioned just minutes from the harbor, beaches, and the vibrant Embarcadero district. Originally built in 1953 and thoughtfully renovated, the asset spans four buildings and offers a well-maintained layout with on-site parking and additional operational components. The expansive site, strong visibility, and established infrastructure create flexibility for a variety of hospitality or specialty lodging concepts

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$764 USD /SF

# OF ROOMS

29

PRICE/ROOM

$237,931 {currency}

CAP RATE

7.12%

STATUS

Converted

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Morro Bay Recovery

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1953

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

CT

APN/PARCEL ID

068-201-004,068-333-026

ASK ABOUT THIS PROPERTY

Aaron GravesEverlyGroveMore Info
805-704-0334

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Aaron GravesEverlyGroveMore Info
805-704-0334

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.