7301 Morro RdAtascadero, CA 93422

Property Details for 7301 Morro Rd

Year built

2015

Construction

WOOD

Lot size

0.35 AC

Property size (Sq ft)

4,356 SF

Zone code

CP

Property type

Office properties

Property subtype

Office buildings

APN

031-052-046

APU

31052046

Description

This exceptional 770-square-foot office suite, located within the prestigious Moresco Plaza in Atascadero, presents a unique opportunity for businesses seeking a sophisticated and convenient workspace. Situated on the Morro Road business corridor, just off Highway 101, this property boasts unparalleled visibility and accessibility. The suite, identified as Unit 105 A & B, is a spacious corner unit offering both individual ingress/egress and a connecting interior doorway between the two sections. The Tuscan-inspired architecture of Moresco Plaza is evident in the suite's design, featuring high-quality finishes such as imported tile and coffered ceilings. Shared amenities include a luxurious conference room and restrooms, adding to the professional atmosphere. Ample parking is readily available for tenants and clients. The property is ideal for a single tenant seeking a blend of style, functionality, and prime location. The base rent is approximately $1.75 per square foot, with estimated NNN charges of $0.62 per square foot. This represents a compelling opportunity to establish a thriving business in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $617,534

  6.5%

  $570,031

  7%

  $529,315

• Comparable approach

  Method

  Valuation

  Relative Method

  $578,434

  Geo Method

  $1,214,932

• Alternative Use

  Use

  Valuation

  Residential

  $706,839

  Hospitality

  $647,461

  Educational

  $538,680

  Medical

  $557,206

  Retail

  $837,946

Location Insight

City

Atascadero

County

San Luis Obispo

State

California

Latitude

35.479

Longitude

-120.666

CBSA code

42020

CBSA name

SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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