7605 Morro Road

Atascadero, CA 93422

$788,016

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Property Description

7605 Morro Road has frontage on Highway 41 and brand new frontage improvements installed by CalTrans. The property is located .7 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. 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.

Listing Information

List Price $788,016
Status Active
MLS SC24234325
HOA $0
Type Land
Lot Size 32,834
Structure Size N/A
DOM 3
Courtesy Of Max Zappas, Broker
Listing Agent Max Zappas DRE#01997012
Co-Listing Agent DRE#02150984

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Listing information courtesy of: Max Zappas, Max Zappas, Broker 805-674-4743. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 17th, 2024 at 8:47 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.