Ready to Build! 9,013 sq. ft. corner lot located in the desirable beach town of Morro Bay! Zoned R4, Buildable for 4-5 units for townhouses or apartments, located conveniently off the 41, close to beach access, Morro Bay High School and downtown shopping and eateries. Mostly flat land, Morro Rock views and many opportunities. Sewer lateral at property line, utilities immediately accessible. Lot split complete, New APN number assigned (see parcel map attached in supplemental materials). Completed reports: Soils Engineering Report, Survey and Topo Map, Phase 1 and Phase 2 Archeology reports (no significant findings). Seller has paid $5,792 tax bond and $36,626.00 in in-lieu park fees etc. These fees are for a full build of 5 units. Price adjustment as the seller begins 2/3rds of the curb, gutter and sidewalk improvements that started on Monday July 19th. The rest of the improvements need to be completed at the time of the building permits. The seller has also resubmitted existing plans for four apartments known as Jade Cove Apartments. A 90 to 120 day escrow would be best. Ready for construction!! Easy build, don't miss this great opportunity. Seller willing to finance with 50% down with 6% interest rate.
Listing courtesy of Taylor Eisemann from Beachside Rentals, Inc.
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