2900 Alder Avenue, Morro Bay CA, 93442

Active

2900 Alder Avenue

Morro Bay CA, 93442

$850,000

$141.67 per sqft

Active

0.14 Acres

Land

Listed by Aaron Graves with EverlyGrove 805-471-7334

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.

SC23211391

MLSⓇ ID

October 19, 2023

Listed

May 9, 2024

Updated

Map

2900 Alder Avenue
Morro Bay CA, 93442

Exterior/Building Features

Lot Size: 0.14 Acres
Lot Features: Corner Lot, Rectangular Lot

Other Property Details

Area Name: MRBY - Morro Bay
Days on Market: 167
Garage: No
View: Yes
View Description: Water
County: San Luis Obispo
Water Source: Public
Pool: No
Zoning: R1
Buyer Agency Compensation: 2%

Listing Contact: 805-471-7334

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 5/9/2024 at 3:42 PM UTC