Construction-Ready Hotel
For Sale
Contact for pricing
2223 Monterey Street, San Luis Obispo, CA 93401
Fully entitled for an 83-key hotel on a freeway-adjacent site along US Highway 101 with immediate access.
Property Size2,410 SF
Lot Size4.21 Acres
Days on Market61
Property Features for 2223 Monterey Street
General Information
Standard status
Active
Size
2,410 SF
Lot size
4.21 Acres
Property subtype
Hospitality, Land, Senior Living
Zoning
Tourist Commercial (C-T)
Site & Location
Traffic Count
46,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1925
Listing Agency:
Hayes Commercial Group
Listed By:
Francois DeJohn · License #CA01144570
(805) 898-4365
Source:
Crexi
Added: Jul 9
Changed: Aug 14
Last Checked: Sep 5 at 12:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hayes Commercial Group
Investment Insights
Based on property information with market context.
Construction-ready hotel development site at 2223 Monterey Street in San Luis Obispo, CA. The property is fully entitled for an 83-key hotel, representing a hospitality redevelopment opportunity at a former Motel Inn location.
Situated along US Highway 101, the site offers freeway visibility and immediate highway access. It is described as a central location between Cal Poly and downtown SLO.
The property also allows an alternative re-entitlement path for a mixed-use project, including allowed residential types such as multi-family and assisted living, along with a variety of commercial uses.
Situated along US Highway 101, the site offers freeway visibility and immediate highway access. It is described as a central location between Cal Poly and downtown SLO.
The property also allows an alternative re-entitlement path for a mixed-use project, including allowed residential types such as multi-family and assisted living, along with a variety of commercial uses.
Key Highlights
- Fully entitled for an 83‑key hotel on a freeway‑adjacent site
- 4.21‑acre property along US Highway 101 with 46,500 CPD
- Construction‑ready opportunity with immediate highway access
Property Analytics
Property Profile
Current Use
Lease Details
46,500 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Explore this area
Business Placement
Demographics for 93401, CA
29,877
Population
14,363
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
64.2 sq mi
ZIP Area
465
Density / Sq Mi
$95,386
Median Household Income
$47,898
Median Earnings
$1,859
Median Rent
$943,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Fully entitled for an 83-key hotel on a freeway-adjacent site along US Highway 101 with immediate access.
Where is this hotel located?
The property is located at 2223 Monterey Street San Luis Obispo, CA.
What are key features of this property?
This property features: Fully entitled for an 83‑key hotel on a freeway‑adjacent site; 4.21‑acre property along US Highway 101 with 46,500 CPD; Construction‑ready opportunity with immediate highway access
