Check out this real estate investment opportunity located in the Embarcadero neighborhood of Morro Bay, CA ! Centrally located near 3 stacks and a rock, a 1945 built triplex. 1163 Scott A is upstairs with 3 BR, 1 full bath and indoor laundry, views of Morro Rock and the Harbor rented @ $2535/mo., 1163 Scott B is downstairs, large 1BR, 1Bath plus office and indoor laundry rented @ $1744/mo., and 1160 West downstairs Commercial unit rented @ $2300/mo. There is a detached 1 car garage and 4 off street parking spaces. Per the San Luis Obispo County Tax Assessor record the total square footage of the building is 3,094. The lot size is 40.9 ft x 112 ft street to street. Fully occupied with long-term tenants and professionally managed. Second home opportunity to use the upstairs unit in between vacation renters and collect rents from the other 2 units.
Prime Downtown Morro Bay Commercial Opportunity Turn-Key Retail/Commercial Space in the Heart of the Central Coast An exceptional opportunity awaits owner-users and investors to acquire a premier commercial condominium in one of Morro Bay's finest mixed-use buildings. Suite B at 600 Morro Bay Boulevard offers 1,760 square feet of pristine, move-in-ready commercial space in a coveted downtown location, just steps from the iconic Embarcadero and world-famous Morro Rock. Property Highlights Size: 1,760 sq ft of flexible ground-floor commercial space Year Built: 2010 — modern construction with contemporary finishes Zoning: C-1 (Central Business District Commercial) Building Type: Mixed-use (commercial + residential above) Condition: Turn-key, fully built out, ready for immediate occupancy Previous Use: Established pharmacy with existing infrastructure in place Parking: Convenient downtown parking with high foot traffic A Rare Downtown Asset Constructed in 2010, this property stands as one of the newest and highest-quality commercial buildings in all of Morro Bay. While much of the downtown inventory dates back decades, 600 Morro Bay Blvd delivers modern building systems, updated ADA compliance, energy-efficient design, and the polished aesthetic that today's businesses and tenants demand. The care and craftsmanship put into this development make it a standout on the boulevard. Flexible C-1 Zoning — Endless Possibilities Morro Bay's C-1 Central Business District zoning is among the most versatile in the city, permitting a wide range of uses including: Retail Storefronts — boutiques, galleries, specialty goods, coastal-lifestyle brands Personal Services — salons, spas, wellness studios, fitness concepts Restaurants & Cafés — with the potential for full-service dining, coffee shops, or wine/tasting rooms Professional Offices — medical, dental, financial, legal, and creative Mixed-Use Development — combining commercial with residential opportunities This zoning flexibility maximizes leasing and resale potential, making it an ideal fit for both hands-on operators and passive investors.
±1,400 SF flexible commercial space available for lease with frontage on Piney Way. The space is being upgraded with a new glass overhead door, new glass storefront entry door, fresh interior paint, and exterior building improvements including new paint and refreshed planter boxes. Interior features include exposed wood rafters with tongue-and-groove ceilings, creating a unique and inviting environment suitable for showroom, workshop, studio, maker space, light industrial, storage, fulfillment, and other commercial uses. A concrete ramp provides convenient drive-in access for vehicles, pallet jacks, and equipment loading. Ample adjacent parking available. Qualified tenants signing a minimum 5-year lease may receive a $10,000 Tenant Improvement Allowance. Adjacent ±1,200 SF retail suite at 696 Morro Bay Blvd may be combined to create approximately ±2,600 SF of retail, showroom, warehouse, or mixed-use commercial space. Lease Rate: $1.75 PSF Modified Gross.
±1,200 SF retail/commercial space available for lease with excellent frontage and visibility on Morro Bay Boulevard. The suite will be improved with additional storefront glass and includes a private restroom. Ownership is also planning exterior building improvements including fresh paint and updated planter boxes to enhance the property's curb appeal. Ideal for retail, showroom, gallery, office-retail, specialty food, and other customer-facing commercial uses. Ample adjacent parking available. Qualified tenants signing a minimum 5-year lease may receive a $10,000 Tenant Improvement Allowance. Adjacent ±1,400 SF suite at 775 Piney Way may be combined to create approximately ±2,600 SF of retail, showroom, warehouse, or mixed-use commercial space. Lease Rate: $1.85 PSF Modified Gross.
8,000± SF Event Center on Highway 41 — For Sale at $2,750,000 ($343.75/SF) Sale Terms & Flexible Financing Seller financing available — own with favorable terms and without conventional bank financing Lease-to-own / lease option structures are available for qualified buyers. Flexible, creative deal structures Morro Bay's most distinctive gathering spaces at an exceptional price, just $343.75 per square foot — Freestanding event center on 2.9 acres offers turnkey space at a fraction of replacement cost and well below typical improved-commercial pricing on California's Central Coast. Located just minutes from the beach, downtown Morro Bay. The main hall occupant load of up to 573 standing, 409 in auditorium seating, or 191 seated at tables — A separate Family Room seats up to 50, and the floor plan includes a commercial-style kitchen, stage, restrooms, office, and on-site storage, plus a flexible ±2,400 SF wing. A standout amenity: on-site overnight RV parking is permitted for lodge events (ZON2024-01154) — a rare feature allowing multi-day gatherings to stay on-site. Major Recent Improvements The current ownership has invested significantly in the property, delivering a turnkey building with major systems and curb appeal already addressed: New asphalt, New landscaping, Fresh exterior paint, and new windows. While proven as a wedding and banquet venue, SLO County approved for broad slate of permitted uses, widening the field of potential owner-operators well beyond traditional event hosting: Meetings, conferences, and community gatherings Weddings, parties, and catered events Auctions and periodic sales Dances, musical performances, stage plays, and movie showings Fashion shows, art festivals, and collector shows Fundraisers, political meetings, and polling place use Religious and cultural events, funerals, and memorials Distribution center and storage use Private membership club activities and emergency shelter use Owner-occupant events or hospitality business, a church or congregation, an auction house, a performing-arts or fitness/dance operation, a training provider, a nonprofit, or a membership organization. Buyers should confirm their intended use with the County. Value-Add Potential: The parcel includes existing mobile home/RV spaces recognized as a legacy use; any expanded RV or camping operation would be subject to SLO County permitting, offering a savvy buyer a path to additional upside beyond the core event-center business.
Coastal Restaurant Opportunity with Expansive Patio on Morro Bay Blvd Rare opportunity to lease a highly visible restaurant space along Morro Bay Boulevard, one of the city’s primary routes connecting Highway 1, downtown Morro Bay, and the waterfront. The ±1,739 SF space includes a large outdoor patio, ample parking, commercial hood & Ansul system, exterior grease trap, and rear service access. Ownership is planning major exterior improvements including a new glass storefront, pergolas, additional dining windows, and patio gas infrastructure for outdoor heating. The patio benefits from natural wind protection, creating a comfortable year-round outdoor dining environment. Ownership will provide a $20,000 Tenant Improvement Allowance. For well-qualified tenants, additional tenant improvement financing may be available and amortized over the lease term at an 8% interest rate, subject to landlord approval of tenant financials and lease structure. Asking Rent: $6,250/month Gross.
Located along the highly visible Quintana Road commercial corridor in Morro Bay, 850 Quintana Rd presents a versatile commercial property offering excellent accessibility and strong street presence. Built in 2009, the property features a substantial freestanding commercial building designed to accommodate high customer volume, making it suitable for a variety of retail, restaurant, or service-oriented uses (buyer to verify permitted uses with the city). A major highlight of the property is the rare abundance of on-site parking, with approximately 51 dedicated parking spaces, providing convenience for customers, employees, and deliveries—an increasingly valuable asset in coastal commercial markets. The building offers a spacious interior layout with large windows that allow for natural light and strong visibility from the street. The functional floor plan and generous square footage allow for flexible configurations to suit a wide range of commercial concepts or tenant needs. Positioned within one of Morro Bay’s primary commercial areas, the property benefits from steady local traffic, convenient highway access, and proximity to established businesses and residential neighborhoods. This offering represents a compelling opportunity for investors, owner-users, or developers seeking a well-located commercial asset along the Central Coast.
Unique water front property. 201 & 203 Main St. and the leasehold interest in Bay Front Marina in Morro Bay are available providing multiple income streams while also allowing the opportunity to own a residence on the waterfront. The property consists of 3 residences, 2 private offices, and +/- 28 boat slips. There is a large demand for boat slips in Morro Bay with virtually zero vacancy in the last 11 years.
Thriving Turnkey Bakery on Morro Bay's Premier Waterfront Strip! Welcome to an exceptional opportunity to own a successful, well-established bakery located directly on the iconic Embarcadero in Morro Bay - one of California's most Charming coastal destinations. This high-visibility location offers unbeatable foot traffic, drawing from nearly one million annual visitors who flock to the waterfront to enjoy local shopping, dining, and stunning views of Morro Rock. The bakery boasts a loyal local customer base and a steady stream of tourists year-round. With a cozy indoor seating area with bay views, outdoor garden patio, and a coastal aesthetic, the space invites guests to linger over fresh pastries, locally roasted coffee, and essential items. Whether you're an experienced operator or an aspiring entrepreneur, this turnkey bakery offers both stability and growth potential in one of the Central Coast's most sought-after locations. Take advantage of the momentum and make your mark in Morro Bay's vibrant culinary scene. Don't miss this rare chance to own a slice of coastal California's sweet success. Buyer to verify all information presented is correct.
Morro Bay is located in California. Morro Bay, California has a population of 10,785. Morro Bay is less family-centric than the surrounding county with 24.49% of the households containing married families with children. The county average for households married with children is 26.98%.
The median household income in Morro Bay, California is $80,808. The median household income for the surrounding county is $82,514 compared to the national median of $69,021. The median age of people living in Morro Bay is 51.3 years.
The average high temperature in July is 69.8 degrees, with an average low temperature in January of 44.3 degrees. The average rainfall is approximately 19 inches per year, with 0 inches of snow per year.
