1188 Allesandro St, Morro Bay, CA 93442 (MLS # SN25106626)

Price $549,000
Status Active
Beds 2
Baths 1 Bath
Home size 808 sqft
Lot Size 6,731 sqft
Days on Market 1
Prime Investment Opportunity in Coastal Morro Bay!Located just steps from the scenic Morro Bay State Park and minutes from the iconic Morro Rock Beach, this rare offering presents a versatile development opportunity in one of California’s most desirable coastal towns. Situated on a semi-private lot nestled between just two adjoining parcels, this property offers a sense of privacy while maintaining easy access to key local amenities.Currently featuring a tear-down structure, the site is primed and ready for redevelopment—with all utilities already connected, saving time and cost on initial groundwork. Zoned for medium density use, this lot allows for a range of residential development possibilities, whether you’re looking to build your dream coastal getaway, a multi-unit investment property, or a modern single-family residence with additional units for income potential.Adjacent to a second available lot (sold separately), buyers have the option to expand their footprint and take full advantage of the area’s flexible zoning to create a larger-scale project or a more spacious estate. Together, the combined parcels open the door to creative configurations and increased building potential—perfect for developers, investors, or visionaries seeking a unique slice of the Central Coast.The location is a standout—bordering the peaceful greenery of the State Park while remaining just a short drive from downtown Morro Bay’s shops, restaurants, and waterfront activities. With easy access to Highway 1, commuting to San Luis Obispo, Cambria, or other neighboring beach towns is a breeze.Whether you’re a seasoned investor or a first-time builder looking for a special place to create something extraordinary, this property offers unmatched potential in a prime location. Don’t miss this chance to secure a piece of coastal California with flexibility, privacy, and strong future returns.Please note: Property is being sold for land value only. Adjacent lot available under separate listing.***DANGER! DO NOT ATTEMPT TO ENTER ANY STRUCTURES DUE TO VERY HAZARDOUS CONDITIONS**
Property Type(s): Single Family
Last Updated 5/14/2025 Tract Morro Bay Vista
Year Built 1947 Community Morro Bay
County San Luis Obispo

SCHOOLS

School District San Luis Coastal Unified
Elementary School Del Mar
Jr. High School Los Osos
High School Morro Bay

Additional Details

AIR None
AREA Morro Bay
HOA DUES 0
LOT 6730 sq ft
LOT DESCRIPTION 0-1 Unit/Acre, Back Yard, Corners Marked, Front Yard, Level, Near Park, Rectangular Lot, Tear Down, Value In Land, Walkstreet, Yard
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
SUBDIVISION Morro Bay Vista
UTILITIES Overhead Utilities
VIEW Yes
VIEW DESCRIPTION Neighborhood
WATER Public
ZONING 60

Location

Listed with Gold Group Realty

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