415-517-9856
1604 Monterey St, San Luis Obispo, CA for Sale
Hospitality - FOR SALE
1/25
null | Request Cap Rate

1604 Monterey St
San Luis Obispo, CA 93401


HIGHLIGHTS

  • Prime Location on Monterey Street.
  • Great upside potential for professional operator.
  • Minutes walk to boutique stores and restaurants in downtown SLO.
  • 5 year Lease with Option to Purchase Available

OVERVIEW

For the first time on the market in over 25 years, the Lamplighter Inn presents a rare opportunity to acquire a hospitality asset in beautiful San Luis Obispo, one of the most desirable and picturesque locations in central California. San Luis Obispo is home to Cal Poly, one of the top universities in California and a short drive to many tourist hotspots such as Pismo Beach, Avila Beach, Morro Bay and Cambria. Along with its beautiful beaches and breathtaking landscapes, the Central Coast is famous for its many wineries that draw wine enthusiasts from all over the globe to wineries located in the neighboring towns of Paso Robles, Edna Valley, Arroyo Grande Valley, Santa Maria and Santa Ynez Valley to name a few. Website: https://www.lamplighterinnslo.com Call Broker for details and tours. Do not disturb staff at the hotel.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

75

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lamplighter Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1968

PARKING SPACES

77

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,482 SF

ZONING

CT

APN/PARCEL ID

001-141-024,001-142-009

ASK ABOUT THIS PROPERTY

Jag PatelLee & AssociatesMore Info
415-517-9856

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Jag PatelLee & AssociatesMore Info
415-517-9856

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.