1895 Monterey St - Hospitality FOR SALE


San Luis Obispo, CA 93401
$8,600,000 USD
805-704-0334
1895 Monterey St, San Luis Obispo, CA for Sale
$8,600,000 USD
Hospitality - FOR SALE
1/39
null | 8.7% Cap Rate

1895 Monterey St
San Luis Obispo, CA 93401


HIGHLIGHTS

  • Strong value-add opportunity
  • Located within several blocks of downtown San Luis Obispo
  • Less than 2 miles from California Polytechnic State University and the Mill Street Historic District
  • Easy access to US Highway 101

OVERVIEW

*PRICE IMPROVEMENT* EVERLYGROVE HOTEL BROKERS is pleased to announce the opportunity to acquire the fee-simple interest in The Inn at San Luis Obispo in San Luis Obispo, CA. With downtown and a world-renowned university, the 40-key, 17,264 square-foot hotel is nestled on 1.34 acres on California’s central coast. Please contact broker to make an appointment, do not go to property unannounced.

FOR SALE DETAILS

PRICE

$8,600,000 USD

PRICE/SF

$498 USD /SF

# OF ROOMS

40

PRICE/ROOM

$215,000 {currency}

CAP RATE

8.7%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Inn at San Luis Obispo

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1961

PARKING SPACES

39

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

C-T-S

APN/PARCEL ID

001-152-015

ASK ABOUT THIS PROPERTY

Aaron GravesEverlyGroveMore Info
805-704-0334

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Aaron GravesEverlyGroveMore Info
805-704-0334

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