2848 Main St

Investment Highlights

Nestled in the heart of bustling Morro Bay, this RE and restaurant presents an enticing opportunity for entrepreneurs seeking a turn-key establishment Parking is located on the property and includes 12 spaces. Included in the price of the sale is the real estate; the building which is 2,110 sqft. and the lot which is 9,000 sq. ft.

Executive Summary

Prime Real Estate and Restaurant In Morro Bay For Sale, Includes Parking Lot and Outdoor SeatingRRC# 4781 Location: 2848 Main Street, Morro BayDescription:Nestled in the heart of bustling Morro Bay, this real estate and restaurant presents an enticing opportunity for entrepreneurs seeking a turn-key establishment in a prime location who are looking to own the real estate where they do business. Located on one of the main thoroughfares in town and has high visibility, its clientele includes both locals who live nearby as well as tourists visiting from out of town. Although the current restaurant has been well-liked in the community and is long standing, there is flexibility for the new owner to keep the concept the same or introduce a new restaurant model With all of the essentials already in place, the restaurant is turn-key and ready for the next owner. Included in the price of the sale is the real estate; the building which is 2,110 sqft. and the lot which is 9,000 sq. ft. The inside of the restaurant has the capacity for 64 people, while the back patio allows for an additional 28 with outdoor seating. Parking is located on the property and includes 12 spaces. This is the perfect investment opportunity if you are looking to own real estate in addition to a restaurant where you can be your own landlord. Financial Information:Monthly Revenue: $52,335 Monthly Cash Flow: $5,566 Annual Revenue: $628,027 Annual Cash Flow: $66,800 General Info:Ownership: Corporation Established: 1985Employees: Contact For Info Reason For Sale: Other InterestsMonthly Rent: Real Estate Included Facilities:Square Feet: 9,000 sq. ft Lot / 2,110 sq. ft. Building Seating: 64 Inside and 28 Outside Parking: Dedicated Parking Lot Licenses: ABC Beer and Wine, Business and Health Permit Days/Hours of Operation: 11am - 8pm Tuesday through Sunday

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    2,540
• Building Class    C
• Year Built    1975
• Price    799,000
• Price Per SF    315
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.28
• Land Acres    0.21 AC

• Freeway Visibility
• Pylon Sign