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About the Listing Pi3420 - pi02062620
8,000± SF Event Center on Highway 41 — For Sale at $2,750,000 ($343.75/SF) Sale Terms & Flexible Financing Seller financing available — own with favorable terms and without conventional bank financing Lease-to-own / lease option structures are available for qualified buyers. Flexible, creative deal structures Morro Bay's most distinctive gathering spaces at an exceptional price, just $343.75 per square foot — Freestanding event center on 2.9 acres offers turnkey space at a fraction of replacement cost and well below typical improved-commercial pricing on California's Central Coast. Located just minutes from the beach, downtown Morro Bay. The main hall occupant load of up to 573 standing, 409 in auditorium seating, or 191 seated at tables — A separate Family Room seats up to 50, and the floor plan includes a commercial-style kitchen, stage, restrooms, office, and on-site storage, plus a flexible ±2,400 SF wing. A standout amenity: on-site overnight RV parking is permitted for lodge events (ZON2024-01154) — a rare feature allowing multi-day gatherings to stay on-site. Major Recent Improvements The current ownership has invested significantly in the property, delivering a turnkey building with major systems and curb appeal already addressed: New asphalt, New landscaping, Fresh exterior paint, and new windows. While proven as a wedding and banquet venue, SLO County approved for broad slate of permitted uses, widening the field of potential owner-operators well beyond traditional event hosting: Meetings, conferences, and community gatherings Weddings, parties, and catered events Auctions and periodic sales Dances, musical performances, stage plays, and movie showings Fashion shows, art festivals, and collector shows Fundraisers, political meetings, and polling place use Religious and cultural events, funerals, and memorials Distribution center and storage use Private membership club activities and emergency shelter use Owner-occupant events or hospitality business, a church or congregation, an auction house, a performing-arts or fitness/dance operation, a training provider, a nonprofit, or a membership organization. Buyers should confirm their intended use with the County. Value-Add Potential: The parcel includes existing mobile home/RV spaces recognized as a legacy use; any expanded RV or camping operation would be subject to SLO County permitting, offering a savvy buyer a path to additional upside beyond the core event-center business.
Listing Highlights
Status
Active
Days on Site
10
Property Type
Commercial Sale
MLS ®
PI26134619
Year Built
1970
Total Square Footage
8,000
Lot/Acreage
2.9
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Propane,Space Heater
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Private,Well
Exterior Details
- Lot Description: 2-5 Units/Acre,Agricultural,Drip Irrigation/Bubblers,Front Yard,Garden,Sprinklers In Rear,Sprinklers In Front,Lawn,Lot Over 40000 Sqft,Landscaped,Level,Paved,Secluded,Sprinkler System,Street Level,Value In Land,Yard,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 80
- Zoning: AG-REC
- Roof: Flat
- Others: Asphalt,Drywall,Glass,Concrete,Stone,Stucco
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 073085016
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
1338 Atascadero Rd Morro Bay, CA 93442
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