Freeway-Adjacent 83-Key Hotel Site with Entitlements
4.21 Acres | 83-Key Hotel Site Entitlements
Marketing 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.
Investment highlights
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
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