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Shovel-Ready Mixed-Use Development

655 Monterey Street San Luis Obispo, CA 93401

655 Monterey Street, San Luis Obispo, CA, 93401
$6,930,000
For Sale
$6,930,000

Shovel-ready downtown infill parcel fronting San Luis Obispo Creek, with planned retail, restaurant, open-air plaza, parking, and hotel.

Days on Market193

Property Features for 655 Monterey Street

General Information

Standard status
Active
Property subtype
Lots/Land
Listing agency McCarty Davis, Inc.
Listed by Steve Davis · License #01843738
Source Exitrealty
Added: Jan 9 Updated: Jul 21 at 1:52AM Checked: Jul 21 at 5:09AM

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 McCarty Davis, Inc.


Investment Insights

Based on property information with market context.

Monterey Place is a shovel-ready mixed-use infill development on one of the remaining raw land parcels in downtown San Luis Obispo. The project fronts San Luis Obispo Creek and its scenic boardwalk and is designed to include retail space along Monterey Street, a creekside restaurant with open-air dining, an open-air plaza, and secure underground parking.

The development also includes boutique hotel rooms and creekside residences. Upper floors are planned as for-sale one- to three-bedroom condos.

The site is described as being within walking distance of shops, restaurants, entertainment, Mission San Luis Obispo, the city plaza, and the Thursday Farmers Market. An upcoming Performing Arts Center and parking structure are noted across the street.

Key Highlights

  • Shovel‑ready downtown San Luis Obispo mixed‑use infill development on a raw land parcel
  • Fronts San Luis Obispo Creek and the scenic boardwalk
  • Planned retail space along Monterey Street

Property Analytics

Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Storage Facility (Bike/Boat/Book/etc) Store Mobile Phone Store (Bike/Boat/Book/etc) Store Supermarket Pet Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Commercial land - Shovel-ready downtown infill parcel fronting San Luis Obispo Creek, with planned retail, restaurant, open-air plaza, parking, and hotel.
Where is this commercial land located?
The property is located at 655 Monterey Street San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $6,930,000.
What are key features of this property?
This property features: Shovel‑ready downtown San Luis Obispo mixed‑use infill development on a raw land parcel; Fronts San Luis Obispo Creek and the scenic boardwalk; Planned retail space along Monterey Street
Contact an agent
More about this property
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