2005 9th ST Street, Morro Bay, CA 93402 - MLS#24-2749

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$750,000

Est. payment - /mo

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3,720 SqFt

Active

2005 9th ST Street Morro Bay, CA 93402

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UPDATED:

11/26/2024 08:29 PM

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,720 sqft

Price per Sqft $201

MLS Listing ID 24-2749

Originating Board Santa Barbara Multiple Listing Service

Year Built 1988

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 5227.0

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.

Location

State CA

County Santa Barbara

Direction 101 to Los Osos Valley Road, Right on 9th Street

Others

Tax ID 038-652-042

Listed by Berkshire Hathaway HomeServices California Properties

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Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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