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Listed by Max Zappas • Max Zappas, Broker
$ 414,000
Est. payment /mo
Active
7100 Morro Road Atascadero, CA 93422
0.4 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SC-24234391
Lot Size 0.396 Acres
Property 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.
Location
State CA
County San Luis Obispo
Area Atsc - Atascadero
Zoning CP
Exterior
Community Features Suburban
View Y/N Yes
View Trees/Woods
Building
Lot Description 21-25 Units/Acre