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$495,000

Est. payment - /mo

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0.57 Acres Lot

Active

545 Atascadero RD Morro Bay, CA 93442

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SC25158206

HOA Y/N No

Lot Size 0.574 Acres

Property Description

Rare Ocean View Development Opportunity in Morro Bay: Welcome to 545 Atascadero Road — a prime 25,000 sq ft (0.57 acres) ocean view lot in one of Morro Bay's most coveted neighborhoods. This expansive and gently sloped rectangular parcel is zoned R4 for high-density residential development, offering a rare opportunity to build a legacy property just minutes from the Pacific Ocean. Surrounded by well-established, high-value homes, this site is one of the last remaining infill development opportunities within city limits. The lot's central location provides easy access to Highway 41, and is ideally situated less than a mile to the beach and just over a mile to Morro Bay's vibrant Downtown shops, restaurants, and Embarcadero. With its favorable topography, panoramic views, and versatile zoning, this property is perfect for investors, developers, or visionaries looking to create a multi-unit residential project on California's iconic Central Coast. Whether you're planning a luxury townhouse development or long-term income property, this land delivers exceptional potential in a location that continues to grow in value and appeal. Don't miss this chance to shape the future of Morro Bay.

Location

State CA

County San Luis Obispo

Area Mrby - Morro Bay

Zoning 60

Interior

Fireplace No

Exterior

Fence Average Condition

Community Features Biking, Curbs, Dog Park, Fishing, Street Lights, Suburban, Sidewalks

View Y/N Yes

View City Lights, Coastline, Park/Greenbelt, Hills, Mountain(s), Neighborhood, Ocean, Panoramic, Water

Present Use Unimproved

Building

Lot Description Gentle Sloping, Rectangular Lot, Sloped Up, Value In Land

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 068231016

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Farid Shahid Eighty20 Group 818-961-6508

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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