In 1925, the world’s first motel opened in California with rooms for $1.25; after closing in 1991...

A building facade from the Motel Inn in 2022. The birthplace of modern road-trip culture is back on the market, giving buyers the chance to restore a landmark of hospitality history or redevelop it into housing for older residents.Located along Highway 101 in San Luis Obispo on California's Central Coast, the historic 4.2-acre site where the world's first motel opened in 1925 is up for sale for the first time in nearly a decade.Local developers CoVelop and Rossi Enterprises, who bought the property in 2017, have listed it for sale through Hayes Commercial Group. SFGATE reported on Friday that the listing does not include a fixed asking price, reflecting the different development options available to potential buyers.Flexible choices for developersThe property is being offered as a shovel-ready site with existing city approvals for an 83-room hotel with a swimming pool. Marketing materials from the brokers also suggest building an assisted living facility for older adults or developing a mixed-use residential project."Someone can come in and build the existing hospitality project or someone could come in and scrap it to build assisted living. They could build a four-story, potential...