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2223 Monterey St
San Luis Obispo, CA 93401

Price Upon Request

Land For Sale  •  4.21 AC

Property Details

  • Property Type Land
  • Lot Size 4.21 AC
  • Zoning CT
30 Transit Score
40 Walk Score

Description

Site of the original Motel Inn — the “World’s First Motel” — this freeway-adjacent property is destined to be the Central Coast’s next great development. Fully entitled for an 83-key hotel, this construction-ready opportunity combines a storied past with a bright hospitality future. 
Alternatively, the property can be re-entitled as a mixed use project focusing on a variety of allowed residential types including multi-family and assisted living uses, in addition to a variety of commercial uses. 
Situated along US Highway 101 with 46,500 CPD, the 4.21-acre site offers exceptional freeway visibility, immediate highway access, and a central location between Cal Poly and downtown SLO. 
This property carries a story that cannot be replicated and represents a once-in-a-lifetime hospitality redevelopment opportunity in San Luis Obispo.

Sale Price: Unpriced
Land Size: 4.21 Acres (183,387 SF) (owners open to a lot line adjustment)
Building: 2,410 SF
APN: 001-075-024, 025, 026
Zoning: Tourist Commercial (C-T) Zone Specific Plan: Upper Monterey Area
Year Built: 1925
Condition: Shovel-ready site with existing historic structure
Entitlements: 83-key hotel
Signage: Immediate freeway visibility in both directions
Traffic Count: 46,500 CPD

Highlights

Fully entitled for an 83-key hotel development with shovel-ready status.
Located along U.S. Highway 101 with immediate on/off access and visibility to 46,500 vehicles daily.
Site of the original Motel Inn, offering a historic narrative and branding potential.
Flexibility for re-entitlement to mixed-use, residential, or assisted living consistent with C-T zoning.
Centrally positioned between Cal Poly University and downtown San Luis Obispo, supporting strong demand drivers.
Situated in the Upper Monterey Area Specific Plan, enhancing long-term design and investment alignment.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
4 min - 1.5 mi
AirportDriveWalkDistance
San Luis County Regional 14 min - 5.8 mi
Francois DeJohn 805-898-4365 Hayes Commercial Group
Francois DeJohn 805-898-4365 Hayes Commercial Group