1598 El Camino Real
Grover Beach, CA 93433 Arroyo Grande/Nipomo

This is a compelling opportunity to develop and acquire a high-demand asset type in a high barrier-to-entry market with limited new supply.

This offering presents a rare opportunity to acquire a ±7.29-acre, two-parcel, fully entitled mixed-use development site approved for:
--Two individual hotels totaling up to 186 guest rooms
--Seven single-family residential lots

The project benefits from completed entitlements, an approved Vesting Tentative Tract Map, and secured Development Impact Fees (DIFs), providing a clear and immediate path to vertical construction. The first hotel — a 93-key La Quinta Inn & Suites by Wyndham — along with the master site improvements, is currently under municipal plan check and anticipated to receive building permit approval in the near term.

The sale includes all associated development rights and documentation, including but not limited to:
--Approved entitlements
--Vesting Tentative Tract Map
--Construction drawings and architectural plans
--Permits and agency approvals
--Development agreements
--Supporting technical studies and reports

This entitled project significantly reduces entitlement risk, timeline uncertainty, and upfront pre-development costs. The property is strategically located in Grover Beach, immediately adjacent to Pismo Beach and Arroyo Grande, within California’s Central Coast hospitality corridor. The coastal location features Highway 101 visibility and access, Coastal tourism drivers, and significant regional retail and dining amenities.