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7100 Morro Rd - 7100 Morro Road

0.4 Acres of Commercial Land Offered at $414,000 in Atascadero, CA 93422

Executive Summary

7100 Morro Road has frontage on Highway 41 and brand new frontage improvements installed by CalTrans. The property is located .5 miles from Highway 101 and the flourishing Downtown Atascadero. Paso Robles and San Luis Obispo are both within a 20 minute drive of this location and Atascadero is located between the Bay Area and the LA Area about 3.5-4 hours from each by car. 3 companies have received offshore wind energy leases totaling $425 million dollars to create wind farms, ancillary facilities, and jobs to support their operations in Morro Bay which is a 20 min drive from this property.

Property Facts

Price $414,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.40 AC

1 Lot Available

Lot

Price $414,000
Price Per AC $1,045,438.71
Lot Size 0.40 AC

7100 Morro Road is a flat, rectangular lot located on Highway 41/Morro Road in Atascadero California. There are some natural trees and brush on the property but it is mostly cleared for future development.

Description

The lot is currently zoned Commercial Professional(CP) but, per the City of Atascadero, they plan to change the zoning to Mixed Use(MU) which should allow for more flexibility in what can be built. The exact details of that zoning are yet to be finalized but any Buyer should speak directly with the City of Atascadero to hear about the improved zoning changes that should be finalized in early 2025. With neighboring properties for sale as well, this is a prime development opportunity that could include office, retail, commercial, and residential uses under current zoning and future zoning. Traffic counts nearby at Highway 101 and Morro Road are 61,000 Annual Average Daily Traffic(AADT). Recent developments within a half mile include Chipotle, Jamba Juice/ATT, 59 residential unit and 3 commercial office unit mixed-use project, and an office complex.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
031-051-038
Land Assessment
$214,298
Improvements Assessment
$0
Total Assessment
$214,298

zoning

Zoning Code CP (Zoning is currently Commercial Professional(CP) but, per the City of Atascadero, they plan to change the zoning to Mixed Use(MU).)
CP (Zoning is currently Commercial Professional(CP) but, per the City of Atascadero, they plan to change the zoning to Mixed Use(MU).)
  • Listing ID: 33873132

  • Date on Market: 11/14/2024

  • Last Updated:

  • Address: 7100 Morro Rd, Atascadero, CA 93422

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