2900 Alder Avenue,  Morro Bay CA, 93442

EVERLYGROVE HOTEL BROKERS is pleased to announce the opportunity to acquire the fee-simple interest in the land located at 2900 Alder Avenue. A 5 unit, single occupancy development has been approved by the city of Morro Bay. The approved plans include a 2,400 square foot building built upon a 6,000 square foot lot.2900 Alder Avenue has a base zoning of Neighborhood Commercial allowing the property to be developed in variousways. Neighborhood Commercial is defined by the city of Morro Bay as the following: This district is intended toprovide areas for smaller-scale neighborhood commercial areas that provide goods, services, and businesses tomeet the day-to-day needs of nearby residents. Residential uses are allowed above and behind commercial usesand as stand-alone development in certain areas.This property could be developed into the following:- Hotel/Motel/ADUs (currently approved for this use by city of Morro Bay)- Restaurant- Tasting Room- Offices*Please note that this is not an exhaustive list of development opportunities for 2900 Alder Ave. Please check withthe city of Morro Bay for full details.