The Shady Rest Motel, built in the 1940’s, sits at the West side of downtown San Miguel, a quaint “old west” style town. Conveniently situated in close proximity for touring the Paso Robles world famous wineries, downtown Paso Robles and surrounding areas, San Miguel is a small but historically rich community located about ten miles north of the Paso Robles wine country along the Salinas River. San Miguel has a rustic “old” Western downtown district, and the Shady Rest sits at the West side of the town. The property’s proximity to the Paso Robles wine country makes it an ideal motel development opportunity as well as an attractive multi family opportunity. In the town of San Miguel, notable for the Mission San Miguel which was founded in 1797 as a halfway stop between the missions of San Antonio and San Luis Obispo, other historical locations include the Rios Adobe, the Elkhorn Saloon (est 1853 and frequented by Frank and Jesse James), and the old La Favorita Hotel. It was also a stop on the Southern Pacific Railroad. A local favorite watering hole is family owned Tacos Mafia with superb shrimp and seafood offerings. Ten “cottage” style tiny houses make up the Shady Rest Motel Property – each approx. 12’x20′, plus there is a two bedroom, 1 bathroom house (approx. 576 sq ft), an approx. 920 sq ft machine shop/shed, and a laundry shed. Eight of the 10 cottages and the house have tenants at below market rents; two of the cottages are vacant. Lots of room for improvement and a fantastic fixer upper project for someone with a vision!! The unique location in this rustic Western town makes it a distinctive launching pad for visitors exploring the region, as well as solid long-term multi-family investment.
Commercial, Multi-Unit (5+)
Number of Buildings
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