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1131 Broad St 1,378 SF Retail Building San Luis Obispo, CA 93401 $1,550,000 ($1,124.82/SF)
Investment Highlights
- Turnkey restaurant and bar operation in Downtown San Luis Obispo.
- Outdoor patio area provides additional customer seating and gathering space.
- Benefits from downtown pedestrian activity and community events.
- Located along Broad Street near dining, retail, and entertainment venues.
- Established restaurant infrastructure supports a variety of hospitality concepts.
- Convenient access to Highway 101, Cal Poly, and Central Coast destinations.
Executive Summary
Located in the heart of Downtown San Luis Obispo, 1131 Broad Street presents an opportunity to acquire a turnkey restaurant and bar business in one of California's most active and walkable downtown districts. Positioned along Broad Street near the city's retail, dining, entertainment, and civic destinations, the business benefits from consistent pedestrian activity generated by local residents, visitors, Cal Poly students, and Downtown SLO events, including the popular weekly Farmers' Market.
The restaurant offers a fully equipped operational environment with dining, bar, and patio components that support a variety of food-and-beverage concepts. Distinctive interior character, including exposed brick elements and sports-themed décor, creates an established atmosphere that can be continued or adapted to a new operator's vision. Existing restaurant infrastructure, furnishings, kitchen equipment, and operational improvements may provide a streamlined path to ownership and business continuity.
The restaurant offers a fully equipped operational environment with dining, bar, and patio components that support a variety of food-and-beverage concepts. Distinctive interior character, including exposed brick elements and sports-themed décor, creates an established atmosphere that can be continued or adapted to a new operator's vision. Existing restaurant infrastructure, furnishings, kitchen equipment, and operational improvements may provide a streamlined path to ownership and business continuity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,378 SF
Building Class
C
Year Built/Renovated
1929/2010
Price
$1,550,000
Price Per SF
$1,124.82
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.09 AC
Zoning
C-D - C-D zoning most commonly stands for Commercial Downtown or a Conditional Zoning District, depending on local city codes
Parking
3 Spaces (2.18 Spaces per 1,000 SF Leased)
Frontage
25’ on Broad St
Exceptionally walkable
90/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 002-422-016 | Improvements Assessment | $740,000 |
| Land Assessment | $860,000 | Total Assessment | $1,600,000 |
Property Taxes
Parcel Number
002-422-016
Land Assessment
$860,000
Improvements Assessment
$740,000
Total Assessment
$1,600,000
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1131 Broad St