231 Atascadero Road, Morro Bay, CA

REAL ESTATE AUCTION

WORLD FAMOUS "MORRO BAY"
IN CENTRAL CALIFORNIA ON THE PACIFIC OCEAN

60,000 sq. ft. Commercial Property
Near Two Freeway Off-Ramps
Click For Parcel Map

231 Atascadero Road Morro Bay, California 93442

 

BY ORDER OF
THE UNITED STATES BANKRUPTCY COURT
Case Number SA-01-18108 JB

Auction Date
Friday
June 28th, 2002
Time:11:00 A.M.
  

  • Building #:1 Modern Concrete Building 58' Wide x 37' Deep. 12 ‘ Ceilings- average 2,150 Sq. Ft ( Plus/ Minus). Two (2) Modern Bathrooms (See Photos)
 
  • Building #2 Wood Structure several hundred feet long 15 Ft to 20 Ft High (See Photos)
 
  • Parking Sixty (60) Paved Parking Spaces, including 3 Handicapped. (See Photos)
 
  • Frontage on Atascadero Rd. (Land), two hundred and thirty five feet (235') (See Photos)
 
  • Freeways: One (1) Block from the main two (2) Freeways, Highway 1 and Highway 41 (See Photos)
 
  • Two (2) Blocks from World Famous Morro Rock
 
  • Estimated for information purposes only:
    Value of $500,000.00, Replacement Buildings Only
Click Here For
TERMS & CONDITIONS		   Click Here For
Photographs of Property
 
AUCTIONEERS
 
CREDIT MANAGERS ASSOCIATION
150 El Camino Real (#220) Tustin, Ca 92780
Phone (714) 573-4488 Fax (714) 508-7965
www.cmaauctions.com
and
The Piatelli Company

 

REAL ESTATE AUCTION - Morro Bay, CA
FRIDAY, JUNE 28th, 2002, 11:00a
SOLD!
Click Images For Enlargements
 
 
 
 
 
 
 
 
 
Click Here For Acrobat PDF Version Of Photographs

 

REAL ESTATE AUCTION - Morro Bay, CA
FRIDAY, JUNE 28th, 2002, 11:00am
SOLD!

Click Here For Acrobat PDF Version Of The Terms Of Auction
Subject   Commercial Property
Address
   231 Atascadero Road Morro Bay, California 93442 San Luis Obispo County
Located   Next to Two Freeway Off-Ramps
Lot Size   60,000 sq. ft. ( Plus / Minus )
Zoned   Commercial- Visitor Serving (C-VS)
Uses Permitted   Hotel- Motel-Restaurant-Service Station etc.
A.P.N.   065-182-005
Legal   Lots 6 and 7 in Block 24 of Atascadero Beach In the City of Morro Bay, County of San Luis Obispo, State of California ( excepting- See long legal )
 

AUCTIONEER'S NOTE
EXCELLENT OPPORTUNITY TO MAKE
A GOOD BUY AT AUCTION PRICES
 
TERMS OF AUCTION
Terms   All Cash at close of Escrow
Auction
Deposit		   $100,000.00 Cashiers Check required to bid
( No personal checks please)
Payable to   Richard A. Marshack,Esq. Chapter 7 Trustee
Escrow Period   30 days
Escrow Co   First American Title Co. San Luis Obispo
Title Insurance   First American Title Co.
Auction Date   Friday, June 28th 2002 - On Site
Auction Site   231 Atascadero Road. Morro Bay , California
Auction Time   11:00 A.M.
Deposit Receipt And Preliminary Title Report   Immediately at the conclusion of the auction the high bidder will be required to sign Auctioneers Deposit Receipt and approve the Preliminary Title Report in writing and no further Contingencies will be required to close escrow.
Buyer's Premium   Five (5%) Percent Buyers Premium will be Added to the High Bid.
Good Title   Sellers Guarantee Good Title Title will be free and clear of all Monetary Liens And subject to all Existing Covenants,Conditions Restrictions,Rights of way, Zoning and any Assessments,if any ,of record.
Inspection   All prospective bidders are urged to inspect this prime commercial site prior to attending the auction and bidding. Buyer acknowledges that he/ she has inspected the subject property and have made their own investigation as to zoning etc. and agrees to close the escrow.
Court Jurisdiction   Buyer consents to the jurisdiction of the United States Federal Bankruptcy Court to enforce the Terms and Conditions of this sale and to resolve any disputes relative thereto. All offers are irrevocable and subject to approval of the court.