201 Main Street, Morro Bay, California 93442, Morro Bay, 93442 - 0 bed, 0 bath
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Morro Bay, California 93442
Analysis of 201 Main Street, Morro Bay, California 93442 is currently available with a list price of $3,550,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Morro Bay Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property was built in 1970 and is noted for having aging infrastructure that may require significant capital expenditures. While one of the three residences is labeled as recently remodeled, the overall complex and maritime facilities are over 50 years old, suggesting that major systems and interior finishes across the majority of the units are likely outdated and show signs of age-related wear.
The property offers a robust investment profile with multiple revenue sources, including three residential units, two private offices, and approximately 28 boat slips.
This rare mixed-use asset is situated directly on the Morro Bay waterfront, providing unparalleled coastal access and high visibility in a premium California market.
The marina component boasts a remarkable track record of virtually zero vacancy for over a decade, ensuring immediate and stable cash flow for the owner.
The marina portion is held via a leasehold interest rather than fee simple ownership, which can complicate long-term financing and impact total equity control.
Built in 1970, the structures and maritime facilities may require significant capital expenditures for modernization and maintenance to meet current coastal standards.
Unique water front property. 201 & 203 Main St. and the leasehold interest in Bay Front Marina in Morro Bay are available providing multiple income streams while also allowing the opportunity to own a residence on the waterfront. The property consists of 3 residences, 2 private offices, and +/- 28 boat slips. There is a large demand for boat slips in Morro Bay with virtually zero vacancy in the last 11 years.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 33% |
| Baths | 0.0 | 3.0 | 33% |
| Square foot | 4,457 | 3,066 | 67% |
| Lot Size | 23,995 | 18,733 | 67% |
| Price | $3.55M | $1.18M | 67% |
| Price per sq ft | $796 | $796 | 50% |
| Built year | 1970 | 1930 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 370 | 33% |
Apr 6, 2026
$3,550,000
Initial Listing
Jun 23, 2022
$3,200,000
Public Record
Feb 5, 2014
$1,920,000
Public Record