1121 Broad Street, San Luis Obispo, CA 93401
San Luis Obispo County
Key Facts
Description
Own the Heart of SLO Dining – Prime Downtown Restaurant Property Seize this rare opportunity to own a highly sought-after commercial property in the heart of downtown San Luis Obispo. Situated in one of the Central Coast's most vibrant and walkable districts, this prime location offers exceptional visibility, strong foot traffic, and proximity to popular shops, restaurants, and entertainment venues. Currently configured as a restaurant, the property features a spacious dining room, large bar area, employee station, manager's office, and two ADA-compliant restrooms. The commercial kitchen infrastructure includes a hood system, Ansul fire suppression system, newly rebuilt walk-in refrigerator, grease trap, floor drains, and dedicated prep and dishwashing areas, providing a strong foundation for hospitality operations. Zoned C-D (Commercial Downtown), the property offers a variety of potential uses, making it an attractive opportunity for investors, restaurateurs, and entrepreneurs seeking a premier downtown location. Adding to its value, the building underwent a significant retrofit in 2009, including a new roof, updated plumbing, electrical systems, ADA-compliant bathrooms, HVAC equipment and ducting, along with other major improvements that contribute to the property's long-term functionality and appeal.Whether you're looking to establish a signature restaurant, expand your portfolio, or explore alternative commercial uses, this is a unique opportunity to acquire a well-improved property in one of California's most desirable downtown markets.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1929
Stories
1
Living Area
3,800 sq ft
Lot Size
0.09 acres
Zoning
C-D
Days on Market
18
MLS® Listing#
NS26123043
Property Features
Heating
Laundry
Security
Utilities
Water Source
Financial Details
Parcel Number
002422009
Directions
Between Marsh and Higuera Streets.
Affordability Calculator
$350,000
Estimated monthly payment
$9,314/mo
Principal $1,400,000 · Est. interest $1,953,125 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in San Luis Obispo, CA
- $986,104
- Median Listing Price
- 69
- Median Days on Market
- 1,486
- Median Sq Ft
- $661
- Median Price / Sq Ft
- 8,649
- Active Listings
- This home’s price is 77% above the area median.
- Its price per sq ft is 30% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in San Luis Obispo, CA.
Location
Points of Interest in San Luis Obispo, CA
Showing the San Luis Obispo area map.
Nearby Schools
Olive Grove Charter School
School · 0.1 mi away
Old Mission School
Elementary · 0.2 mi away
Mission College Preparatory Catholic High School
Secondary School · 0.2 mi away
SLO Classical Acad
School · 0.4 mi away
Capslo Children's Waiting Room Head Start
School · 0.4 mi away
Hawthorne Elementary School
Elementary · 0.6 mi away
Laurus College - San Luis Obispo
Secondary School · 0.8 mi away
San Luis Coastal Unified School District
Elementary · 0.8 mi away
Parent Participation Program
School · 0.8 mi away
San Luis Obispo High School
Secondary · 0.9 mi away
Love To Learn
School · 1.3 mi away
Teach Elementary School
Secondary · 1.3 mi away
Family Partnership Charter School
School · 1.3 mi away
Central Coast International School
School · 1.3 mi away
Sinsheimer Elementary
Elementary · 1.3 mi away
Church of Jesus Christ of Latter Day Saints
School · 1.4 mi away
San Luis Coastal Unified School District
School · 1.4 mi away
Pacheco Elementary
Elementary · 1.4 mi away
San Luis Coastal Unified School District
Elementary · 1.7 mi away
C.L. Smith Elementary Pta
Elementary · 1.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1000 Crescent Avenue, SAN FRANCISCO, CA | $1,225,000 | 3 | — | 1,475 |
| 8718 Mccarty Ranch Drive, San Jose, CA | $1,225,000 | 2 | 3 | 2,043 |
| 1000 Crescent Avenue, San Francisco, CA | $1,225,000 | 3 | 2 | 1,475 |
| 8718 Mccarty Ranch Drive, San Jose, CA | $1,225,000 | 2 | — | 2,043 |
| 803 Legacy Drive, San Marcos, CA | $1,225,000 | 5 | 3 | 2,815 |
| 682 W 12th, San Pedro, CA | $1,225,000 | — | — | 4,512 |
Moving Cost Estimate
EXIT Agents in San Luis Obispo
Listing Courtesy: Central Coast Sotheby's International Realty - 805-712-9375
Presented by: Julianne DesJardins and Alessandra McGuckin
Licensed in the state of California.