4,457 sqft

$3,200,000

201 -203 Main Street, Morro Bay CA, 93442

Price per sqft$717.97

Property size4,457 sqft

Property typeCommercial

Bought with Hal Sweasey with Keller Williams Realty Central Coast and Listed by Dean Marchant CA DRE# 01064170 with Morro Shores Real Estate 805-440-3996

Overview

Sold

Closed

Listed Jan 17, 2022

Updated Aug 25

Waterfront income property on the Central Coast of California with 3 houses! Marina portion includes 28 boat spaces, 2 restrooms and a pier/dock. Water lease with the City of Morro Bay has 12 years left on the current lease with an option for an additional 20 years. Huge demand for boat slips in the area and rental housing, zero vacancy for the past eight years. This property is owner managed and not overly demanding. Rare opportunity to have a water lease and own the upland real estate. Offered at a 5.7% cap rate.

Additional information

MLS^® ID: SC22008503

Interior Features

Basement: No

Exterior Features

Lot Size: 0.55 Acres

Other Property Details

Maintenance Expense: $12,600
Waterfront: Yes

Bought with Hal Sweasey with Keller Williams Realty Central Coast and Listed by Dean Marchant CA DRE# 01064170 with Morro Shores Real Estate 805-440-3996

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/25/2026 at 1:23 AM UTC Last Checked: 1:23 AM UTC