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$495,000
Est. payment /mo
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC25158206
Property Sub-Type Lots/Land
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 Bays 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 lots 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 Bays 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 Californias iconic Central Coast. Whether youre 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
Direction 400 Feet North-East from the corner of Hill Street & Atascadero Road. Located on the frontage road, not directly on Highway 41.
Interior
Fireplace No
Exterior
View Y/N No
Present Use Unimproved
Others
Tax ID 068231016
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Listed by Farid Shahid Eighty20 Group