7605 Morro, Atascadero, CA 93422 - MLS#SC24234325 - Matt O'Brien

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 788,016

Est. payment | -/mo

0.75 Acres Lot

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$ 788,016

Est. payment | -/mo

Save

0.75 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SC24234325

HOA Y/N No

Lot Size 0.754 Acres

Acres 0.7538

Property Sub-Type Lots/Land

Property Description

7605 Morro Road has frontage on Highway 41 and brand new frontage improvements installed by CalTrans. The property is located .7 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. 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.
7605 Morro Road has frontage on Highway 41 and brand new frontage improvements installed by CalTrans. The property is located .7 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. 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.

Location

State CA

County San Luis Obispo

Area Atascadero (93422)

Others

Monthly Total Fees $25, 638

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Max Zappas • Max Zappas, Broker

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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7605 Morro Atascadero, CA 93422