Property
Beds
2
Full Baths
1
1/2 Baths
None
Year Built
1947
Sq.Footage
808
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**
Features & Amenities
Interior
-
Total Bedrooms
2
-
Bathrooms
1
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Main Level Bedrooms
1
Exterior
-
Garage
No
-
Pool
Yes
-
Pool Features
None
-
View
Neighborhood
Area & Lot
-
Lot Features
Back Yard, Corners Marked, Front Yard, Level, Rectangular Lot
-
Lot Size(acres)
0.1545
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
Price
-
Sales Price
$534,000
-
Sq. Footage
808
-
Price/SqFt
$660
HOA
-
Association
NO
School District
-
Elementary School
Del Mar
-
Middle School
Los Osos
-
High School
Morro Bay
Property Features
-
Stories
1
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
San Luis Obispo
Elementary School
Del Mar
Middle School
Los Osos
High School
Morro Bay
Listing Courtesy of April Noessel , Gold Group Realty
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