290 Atascadero Rd - Hospitality FOR SALE


Morro Bay, CA 93442- Morro Bay/Cayucos/Cambria
$6,999,000 USD
805-807-1782
290 Atascadero Rd, Morro Bay, CA for Sale
$6,999,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

290 Atascadero Rd
Morro Bay, CA 93442
Morro Bay/Cayucos/Cambria


HIGHLIGHTS

  • 30-key boutique coastal hotel plus spacious manager’s quarters
  • Prime location in Morro Bay, minutes from the waterfront and Morro Rock
  • Desirable leisure destination with consistent drive-to demand

OVERVIEW

Western Hotel Brokers is pleased to introduce Morro Shores Inn & Suites, a boutique coastal hotel in Morro Bay. This 30-key property plus manager’s quarters offers an attractive opportunity to acquire a well-positioned hospitality asset along California’s iconic Central Coast. Situated just minutes from the waterfront and the renowned Morro Rock, the property benefits from steady year-round tourism driven by coastal recreation, wine country proximity, and strong drive-to demand along Highway 1. Rooms also feature views of Lila Keiser Park & Morro Rock! Morro Bay remains a highly desirable destination for leisure travelers seeking a relaxed seaside experience. Morro Shores Inn & Suites is well-suited for both owner-operators and investors looking to capitalize on a supply-constrained coastal market. Do not disturb management. Call for Details or to Schedule a Showing 805-807-1782

FOR SALE DETAILS

PRICE

$6,999,000 USD

PRICE/SF

$412 USD /SF

# OF ROOMS

30

PRICE/ROOM

$233,300 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Morro Shores Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

2007

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

PD

APN/PARCEL ID

066-332-011

ASK ABOUT THIS PROPERTY

Deborah KingDeborah KingMore Info
805-807-1782

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Deborah KingDeborah KingMore Info
805-807-1782

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