$1,400,000
$1,625,000
13.8%For more information regarding the value of a property, please contact us for a free consultation.
8,807 Sqft Lot
SOLD DATE : 10/26/2023
Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SC23093267
Sold Date 10/26/23
HOA Y/N No
Year Built 1942
Lot Size 8,807 Sqft
Lot Dimensions Assessor
Property Description
Entertain, Live, Play in the very heart of downtown Morro Bay at the beautiful Bay Theatre! The 800 sqft one bedroom apartment, the two-car garage, the additional 520 sqft open space above the garage (possible office rental), and the keystone feature - the 314 seat Bay Theatre - are all ready for new ownership. Originally built by the Army Corp of Engineers in 1942, the current ownership for the past 38 years has been a marvelous steward of this "Rock" solid beauty. Very well maintained and cared for, everything is in place to take advantage of multiple income streams, including the apartment, which can be used as a short-term vacation rental.
Location
State CA
County San Luis Obispo
Area Mrby - Morro Bay
Zoning CC
Rooms
Other Rooms Living Quarters
Interior
Heating Central
Fireplace No
Laundry Inside
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Total Parking Spaces 2
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Additional Building Living Quarters
Others
Tax ID 066121013
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Frankie Ciano • Compass