$249,500
SOLD APR 9, 2025

1151 Main St Morro Bay, CA 93442

0.16 Acre
$1,559,375 Price per Acre
6,970 Sq Ft Lot

Recently Sold

3 Days on Market

Highlights

  • Golf Course Community
  • Fishing
  • Hiking Trails
  • Del Mar Elementary School Rated A-
  • No HOA
  • Views

About This Lot

As of April 2025

Prime Commercial Lot in Morro Bay - Exceptional Location
Located just three blocks from the stunning waterfront in Morro Bay, this prime commercial lot offers unparalleled access to Highway 1, making it easy to get in and out of the area. As vacant lots become increasingly rare, this is a unique opportunity to secure a piece of this thriving coastal community.
Situated near the Embarcadero, beaches, the bay, and a variety of restaurants and shops, this lot is perfectly positioned to take advantage of everything San Luis Obispo County has to offer. Imagine the potential for amazing views of the ocean, bay, and iconic Morro Rock from a second-story build.
With endless possibilities for commercial, residential, or mixed-use development, this property is a fantastic opportunity for the right project in beautiful Morro Bay. Be sure to check with the City regarding potential uses and development options.

Last Agent to Sell the Property

Dale Kaiser

Dale Kaiser Real Estate Brokerage Phone: 805-550-9900 License #01297036 Listed on: 03/07/2025

Co-Listed By

Gail Riley

Dale Kaiser Real Estate Brokerage Phone: 805-550-9900 License #01118809

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,476

Lot Details

  • 6,970 Sq Ft Lot
  • Value in Land
  • Property is zoned C1

Additional Features

  • Property Views

Listing and Financial Details

  • Legal Lot and Block 72 / 31
  • Assessor Parcel Number 066024025
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • Town Of El Morro Subdivision

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Dog Park
  • Water Sports
  • Hiking Trails
  • Bike Trail
  • Exterior Lighting

Property Details

Property Type

Land

Est. Annual Taxes

$2,476

Lot Details

0

Listing Details

  • Current Use: Place of Worship, Commercial, Multi-Family, Residential
  • Current Use Comments: Call listing office
  • Subdivision Name Other: Town of El Morro(830)
  • View: Yes
  • Zoning: C1
  • Property Type: Land
  • Parcel Number: 066024025
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 35.80

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Fishing, Golf, Hiking, Park, Watersports, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Value In Land
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Multi Family

  • Lot Size Area: 6970.0000 Square Feet

Tax Info

  • Tax Block: 31
  • Tax Census Tract: 106.03
  • Tax Lot: 72

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2025
Closed on
Mar 20, 2025
Sold by
Valbryco Investments
Bought by
Haas Mcguyer Properties Llc
Seller's Agent
Dale Kaiser
Dale Kaiser Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$249,500
Sold Price
$249,500
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
254.34%
Original Mortgage
$245,000
Outstanding Balance
$245,000
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$106,087

Purchase Details

Listed on
Mar 7, 2025
Closed on
Feb 19, 2025
Sold by
Lackey Jeremy T
Bought by
Valbryco Investments
Seller's Agent
Dale Kaiser
Dale Kaiser Real Estate
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$249,500
Sold Price
$249,500
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Outstanding Balance
$245,000
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$106,087

Purchase Details

Closed on
Apr 12, 2023
Sold by
Lackey Jeremy and Lackey Linda In
Bought by
Lackey Jeremy T

Purchase Details

Listed on
May 11, 2018
Closed on
Dec 31, 2020
Sold by
Vannoy Colin
Bought by
Lackey Jeremy and Chu Linda Ni
Seller's Agent
Frankie Ciano
Ciano Real Estate, Inc.
Buyer's Agent
Monica King
BHGRE HAVEN PROPERTIES
List Price
$249,000
Sold Price
$215,000
Premium/Discount to List
-$34,000
-13.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.43%
Original Mortgage
$165,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 23, 2018
Sold by
Fort Michael and Treves Terry
Bought by
Vannoy Colin

Purchase Details

Closed on
Sep 14, 2017
Sold by
Trout Debra V and John Douglas Fort & Nettie Ula
Bought by
Fort Michael and Treves Terry
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $249,500 Chicago Title
Deed In Lieu Of Foreclosure $165,000 Chicago Title
Deed -- None Listed On Document
Grant Deed $215,000 Placer Title Company
Grant Deed $135,000 First American Title Co
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $245,000 New Conventional
Previous Owner $165,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2025 04/18/25 For Sale $349,000 +39.9% --
04/09/2025 04/09/25 Sold $249,500 0.0% --
03/10/2025 03/10/25 Pending -- -- --
03/07/2025 03/07/25 For Sale $249,500 +16.0% --
01/05/2021 01/05/21 Sold $215,000 -13.7% --
10/20/2020 10/20/20 Pending -- -- --
01/14/2019 01/14/19 For Sale $249,000 0.0% --
01/03/2019 01/03/19 Pending -- -- --
05/11/2018 05/11/18 For Sale $249,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,476 $228,159 $228,159 --
2023 $2,476 $223,686 $223,686 $0
2022 $2,321 $219,300 $219,300 $0
2021 $1,583 $141,909 $141,909 $0
2020 $1,492 $140,454 $140,454 $0
2019 $1,476 $137,700 $137,700 $0
2018 $2,318 $216,182 $216,182 $0
2017 $2,273 $211,944 $211,944 $0
2016 $2,228 $207,789 $207,789 $0
2015 $2,194 $204,668 $204,668 $0
2014 $2,015 $200,659 $200,659 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC25050665

California Regional Multiple Listing Service (CRMLS)

APN: 066-024-025