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Investment Highlights
- Heart of downtown, heavy foot traffice
- Open floor plan with a bar out door patio
- Skylights with lots of natural lighting
Executive Summary
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 Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,769 SF
Building Class
B
Year Built/Renovated
1929/2008
Price
$2,442,597 CAD
Price Per SF
$648.08 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.99
Lot Size
0.09 AC
Zoning
C-D - Retail, restaurant, hospitality, C-D zoning, Variety
Frontage
50’ on Broad St
Amenities
- Restaurant
- Signage
- Skylights
- Air Conditioning
Very walkable
80/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 002-422-009 | Improvements Assessment | $775,350 CAD |
| Land Assessment | $1,339,241 CAD | Total Assessment | $2,114,591 CAD |
Property Taxes
Parcel Number
002-422-009
Land Assessment
$1,339,241 CAD
Improvements Assessment
$775,350 CAD
Total Assessment
$2,114,591 CAD
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1121 Broad St
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