For Sale, USD 750,000
2005 9th Street, Morro Bay CA 93402, Morro Bay, California, United States
Property Type : Commercial
Property Style : N/A
Build Size : 3,720 ft² / 346 m²
Land Size : N/A
Bedroom : 0
Bathroom : 0
Half Bathroom : 0
MLS#: N/A
Property Description
Prime Commercial Investment Opportunity in Los OsosPresenting a rare opportunity to acquire a high-visibility commercial property located at 2005 9th Street, Los Osos. This 3,720 sq ft building sits on a 5,227 sq ft lot at a prominent corner location with on-site parking. The property currently hosts service-based businesses, making it an ideal space for similar tenants.The property has undergone recent inspections, including building and pest assessments, providing transparency and peace of mind for potential investors. With two vacancies offering rental potential between $450 to $850 per month, there's significant upside for increased income. The property is currently generating a Net Operating Income (NOI) of $21,431 with a cap rate exceeding 3%, making it a strong candidate for value- add investors.Given its strategic location and the limited availability of commercial spaces in Los Osos, this property is poised for appreciation. Whether you're looking to expand your portfolio or invest in a community-focused commercial space, 2005 9th Street offers both stability and potential for growth.
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2005 9th Street, Morro Bay CA 93402, United States,California,Morro Bay is a 3,720ft² Morro Bay luxury Commercial listed for sale USD 750,000. This high end Morro Bay Commercial is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Morro Bay or search for luxury properties for sale in Morro Bay.