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2460 Main St - Morro Bay Recovery 10,586 SF Health Care Building Offered at $9,505,440 CAD at a 7.12% Cap Rate in Morro Bay, CA 93442
Executive Summary
EVERLYGROVE HOTEL BROKERS is pleased to present the opportunity to acquire the Morro Bay Recovery Center, a 29-room hospitality property situated on ±1.3 acres in Morro Bay, California. Located along Main Street with convenient access to Highway 1, the property is positioned just minutes from the harbor, beaches, and the vibrant Embarcadero district. Originally built in 1953 and thoughtfully renovated, the asset spans four buildings and offers a well-maintained layout with on-site parking and additional operational components. The expansive site, strong visibility, and established infrastructure create flexibility for a variety of hospitality or specialty lodging concepts
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- Offering Memorandum
Property Facts
| Price | $9,505,440 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.12 AC |
| Cap Rate | 7.12% | Building Size | 10,586 SF |
| Property Type | Health Care | No. Stories | 1 |
| Property Subtype | Rehabilitation Center | Year Built/Renovated | 1959/2023 |
| Zoning | CT - his local regulation divides municipalities into specific districts (e.g., residential, commercial, industrial) to control building heights, property setbacks, and allowable business types | ||
| Price | $9,505,440 CAD |
| Sale Type | Investment |
| Cap Rate | 7.12% |
| Property Type | Health Care |
| Property Subtype | Rehabilitation Center |
| Building Class | C |
| Lot Size | 1.12 AC |
| Building Size | 10,586 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1959/2023 |
| Zoning | CT - his local regulation divides municipalities into specific districts (e.g., residential, commercial, industrial) to control building heights, property setbacks, and allowable business types |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 068-201-004 | Improvements Assessment | $2,222,008 CAD |
| Land Assessment | $2,717,995 CAD | Total Assessment | $4,940,003 CAD |
Property Taxes
Parcel Number
068-201-004
Land Assessment
$2,717,995 CAD
Improvements Assessment
$2,222,008 CAD
Total Assessment
$4,940,003 CAD
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2460 Main St - Morro Bay Recovery
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