655 Monterey Street San Luis Obispo, CA 93401

Listing agency McCarty Davis, Inc. d***@mccartydavis.com Show Phone

Listed by Steve Davis · License #01843738 Show Phone

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Added: Nov 29, 2025 Updated: Jul 22 at 11:46PM Checked: Jul 22 at 11:46PM

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Investment Insights

Based on property information with market context.

Monterey Place is a shovel-ready mixed-use infill development built on a raw land parcel, fronting San Luis Obispo Creek and its scenic boardwalk. The project’s planned improvements include retail space along Monterey Street, a creekside restaurant with open-air dining, an open-air plaza, secure underground parking, boutique hotel rooms, and creekside residences.

The site is positioned in downtown San Luis Obispo, described as being just steps from shops, restaurants, entertainment, Mission San Luis Obispo, the city plaza, and the Thursday Farmers Market. The remarks also note construction underway across the street for a Performing Arts Center and parking structure.

The upper floors are planned as for-sale one- to three-bedroom condos designed for modern urban living, with proximity to regional attractions and outdoor areas described in the offering materials.

Key Highlights

• Shovel‑ready downtown San Luis Obispo mixed‑use infill development on a remaining raw land parcel
• Fronts San Luis Obispo Creek and its scenic boardwalk
• Planned retail space along Monterey Street plus a creekside restaurant with open‑air dining

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FAQs

What type of property is this?

Commercial land - Shovel-ready downtown infill site fronting San Luis Obispo Creek with planned retail, dining, open-air plaza, parking, and hotel components.

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 $7,700,000.

What are key features of this property?

This property features: Shovel‑ready downtown San Luis Obispo mixed‑use infill development on a remaining raw land parcel; Fronts San Luis Obispo Creek and its scenic boardwalk; Planned retail space along Monterey Street plus a creekside restaurant with open‑air dining