$414,000
For Sale

7100 Morro Road

Atascadero, CA 93422
0.40 acres | #SC24234391
Listing OfficeMax Zappas, Broker
Browse 7 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

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.
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 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 Details
      • Lot DescriptionTwentyOneToTwentyFiveUnitsAcre
      • Utility FeaturesWaterNotAvailable
      • CountySan Luis Obispo
      • ViewTreesWoods
      • MLS #SC24234391
      • MLS #SC24234391
      • Property TypePurchase
      • Original List Price$414,000
      • Cost414000
      • Acres0.396
      • Property SubtypeLand

Location

Jessie Espinosa | Century 21 Select Real Estate, TurlockReal Estate Group
$
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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