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Listed by Farid Shahid • Eighty20 Group
$ 495,000
Est. payment | /mo
25,000 SqFt
$ 495,000
Est. payment | /mo
25,000 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 25,000 sqft
Price per Sqft $19
MLS Listing ID CRSC25158206
HOA Y/N No
Lot Size 0.574 Acres
Property Sub-Type Unimproved Land
Source Datashare California Regional
Property Description
Rare Ocean View Development Opportunity in Morro Bay: Welcome to 545 Atascadero Road — a prime 25,000 sq ft (0.57 acres) ocean view lot in one of Morro Bay’s most coveted neighborhoods. This expansive and gently sloped rectangular parcel is zoned R4 for high-density residential development, offering a rare opportunity to build a legacy property just minutes from the Pacific Ocean. Surrounded by well-established, high-value homes, this site is one of the last remaining infill development opportunities within city limits. The lot’s central location provides easy access to Highway 41, and is ideally situated less than a mile to the beach and just over a mile to Morro Bay’s vibrant Downtown shops, restaurants, and Embarcadero. With its favorable topography, panoramic views, and versatile zoning, this property is perfect for investors, developers, or visionaries looking to create a multi-unit residential project on California’s iconic Central Coast. Whether you’re planning a luxury townhouse development or long-term income property, this land delivers exceptional potential in a location that continues to grow in value and appeal. Don't miss this chance to shape the future of Morro Bay.
Location
State CA
County San Luis Obispo
Interior
Fireplace No
Exterior
View City Lights, Park/Greenbelt, Hills, Mountain(s), Panoramic, Water, Other, Ocean
Building
Lot Description Sloped Up
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Qayes Abdulla
REALTOR® | Lic# DRE# 02150727