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Listed by April Noessel • Gold Group Realty
$549,000
Est. payment /mo
2 Beds
1 Bath
808 SqFt
New
1188 Allesandro St Morro Bay, CA 93442
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 808 sqft
Price per Sqft $679
MLS Listing ID SN-25106626
Bedrooms 2
Full Baths 1
Year Built 1947
Lot Size 6,730 Sqft
Property Sub-Type Single Family Residence
Property Description
Prime Investment Opportunity in Coastal Morro Bay! Located just steps from the scenic Morro Bay State Park and minutes from the iconic Morro Rock Beach, this rare offering presents a versatile development opportunity in one of California's most desirable coastal towns. Situated on a semi-private lot nestled between just two adjoining parcels, this property offers a sense of privacy while maintaining easy access to key local amenities. Currently featuring a tear-down structure, the site is primed and ready for redevelopment--with all utilities already connected, saving time and cost on initial groundwork. Zoned for medium density use, this lot allows for a range of residential development possibilities, whether you're looking to build your dream coastal getaway, a multi-unit investment property, or a modern single-family residence with additional units for income potential. Adjacent to a second available lot (sold separately), buyers have the option to expand their footprint and take full advantage of the area's flexible zoning to create a larger-scale project or a more spacious estate. Together, the combined parcels open the door to creative configurations and increased building potential--perfect for developers, investors, or visionaries seeking a unique slice of the Central Coast. The location is a standout--bordering the peaceful greenery of the State Park while remaining just a short drive from downtown Morro Bay's shops, restaurants, and waterfront activities. With easy access to Highway 1, commuting to San Luis Obispo, Cambria, or other neighboring beach towns is a breeze. Whether you're a seasoned investor or a first-time builder looking for a special place to create something extraordinary, this property offers unmatched potential in a prime location. Don't miss this chance to secure a piece of coastal California with flexibility, privacy, and strong future returns. Please note: Property is being sold for land value only. Adjacent lot available under separate listing. ***DANGER! DO NOT ATTEMPT TO ENTER ANY STRUCTURES DUE TO VERY HAZARDOUS CONDITIONS**
Location
State CA
County San Luis Obispo
Area Mrby - Morro Bay
Zoning 60
Interior
Cooling None
Fireplaces Type None
Laundry None
Exterior
Pool None
Community Features Biking, Curbs, Fishing, Hiking, Park, Preserve/Public Land, Sidewalks, Suburban, Watersports
View Y/N Yes
Building
Lot Description Corners Marked, Front Yard, Level, Lot 6500-9999, Park Nearby, Rectangular Lot, Tear Down, Utilities - Overhead, Value In Land, Walkstreet, Yard, 0-1 Unit/Acre, Back Yard
Sewer Public Sewer