2223 Monterey St

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.