Atascadero, Property Listing: MLS® #SC23145620

Here's a rare opportunity to buy prime ocean front land zoned for commercial visitor use. This unique offering includes 3.73 acres fronting Morro Bay's famous sand dunes, 3-mile beach strand, and historic Morro Rock. Morro Bay is a vacation destination beach town known for its fishing village atmosphere, outstanding restaurants, sailing and boating, and fresh clean air. Morro Bay is an easy drive to Cayucos, and Cambria to Hearst Castle, then over the hills to Paso Robles and then down to San Luis Obispo to get an overall county tour of our beautiful wineries and to savor the taste of premium wines. Stop by Cal Poly, and our world famous Spanish mission of San Luis Obispo de Tolosa founded in 1772. The subject is located at the epicenter of our county activities. Possible uses are a major brand hotel complex with accessory shops & restaurant, an Ocean Institute and Coastal Visitor Center, or an RV park & storage. The owner had an extensive 82-page biological and wetland assessment report prepared in 2001. The report and a visual inspection indicates the lots have extensive coverage of scrub willow trees and ice plants, which should not be an issue to develop. The heirs to this estate will make it available for disclosures purposes only with an accepted offer. The City will require an updated report, a soil report, and a set of plans to apply for a building permit. Whatever your intended use, the City and Coastal Commission are mandated to give commercial visitor serving use a priority.

Atascadero, Property Listing: MLS® #SC23145620 Close
Page Summary
  • MLS® #: SC23145620
  • Atascadero
  • , CA 93442
  • $3,900,000
  • 162479 SqFt, 3.73 Acres
  • Office: Franklin Real Estate & Rentals

Here's a rare opportunity to buy prime ocean front land zoned for commercial visitor use. This unique offering includes 3.73 acres fronting Morro Bay's famous sand dunes, 3-mile beach strand, and historic Morro Rock. Morro Bay is a vacation destination beach town known for its fishing village atmosphere, outstanding restaurants, sailing and boating, and fresh clean air. Morro Bay is an easy drive to Cayucos, and Cambria to Hearst Castle, then over the hills to Paso Robles and then down to San Luis Obispo to get an overall county tour of our beautiful wineries and to savor the taste of premium wines. Stop by Cal Poly, and our world famous Spanish mission of San Luis Obispo de Tolosa founded in 1772. The subject is located at the epicenter of our county activities. Possible uses are a major brand hotel complex with accessory shops & restaurant, an Ocean Institute and Coastal Visitor Center, or an RV park & storage. The owner had an extensive 82-page biological and wetland assessment report prepared in 2001. The report and a visual inspection indicates the lots have extensive coverage of scrub willow trees and ice plants, which should not be an issue to develop. The heirs to this estate will make it available for disclosures purposes only with an accepted offer. The City will require an updated report, a soil report, and a set of plans to apply for a building permit. Whatever your intended use, the City and Coastal Commission are mandated to give commercial visitor serving use a priority.

Supplemental Remarks

Essential Information

  • MLS® #SC23145620
  • Listing Price$3,900,000
  • Original Listing Price$3,800,000
  • List Price per Square Foot$24.00
  • Date ListedAugust 1st, 2023
  • Days on Market511
  • Square Footage162,479
  • Acres3.73
  • Lot Sq.Ft.162,479
  • TypeLot / Land
  • StatusACTIVE

Dues

  • HOA Dues$0
  • Mello Roos Dues$339,859
  • Total Monthly Dues$28,321

Community Information

  • AddressAtascadero
  • AreaMORRO BAY (93442)
  • CountySan Luis Obispo
  • StateCA
  • Zip Code93442
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Listing information last updated on April 1st, 2025 at 12:56pm PDT.