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689 Tank Farm Rd
San Luis Obispo, CA 93401
Office Property For Sale · 8,051 SF

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Executive Summary

HIGHLIGHTS: Prime investment property on one of the main intersections in San Luis Obispo. Located on the corner of Broad Street and Tank Farm Road with easy access to Downtown, the Highway, and minutes away from SLO Airport. Suite 240 is currently leased and is 2,490/sf. Suite 230 is 5,561/sf and is also leased at $1.75/SF NNN. It offers an open floorplan, 8 offices, a conference room, and lobby area. The building features an elevator to service the building and common area restrooms throughout. These second floor suites have great views.

Property Facts

Total Building Size 8,051 SF
Property Type Office
Property Subtype Loft/Creative Space
Building Class A
Floors 2
Typical Floor Size 8,051 SF
Year Built 2006
Lot Size 1.33 AC
Parking Ratio 9.94/1,000 SF
Zoning BP - Business Park

Amenities

  • Reception
  • Central Heating
  • Air Conditioning

2 Units Available

Unit 140

Unit Size 7,727 SF
Condo Use Office/Medical
Sale Type Investment or Owner User
Cap Rate 7.09%
NOI $173,762
APN/Parcel ID 053-415-033
Description

Prime medical office space on one of the main intersections in San Luis Obispo. Located on the corner of Broad Street and Tank Farm Road with easy access to Downtown, the Highway, and minutes away from SLO Airport. It offers an open floorplan with 5 offices, a conference room, kitchenette and lobby area. The building features an elevator to service the building and common area restrooms throughout. This first floor suite has great visibility and is available for lease at $1.75/SF NNN ($0.94).

Unit 230 & 240

Unit Size 8,051 SF
Condo Use Office
Sale Type Investment
Cap Rate 7.11%
NOI $181,197
APN/Parcel ID 053-415-034
Description

Prime partial investment property on one of the main intersections in San Luis Obispo. Located on the corner of Broad Street and Tank Farm Road with easy access to Downtown, the Highway, and minutes away from SLO Airport. Suite 240 is currently leased and is 2,490/sf. Suite 230 is 5,561/sf and is also currently leased at $1.75/sf, NNN. The building features an elevator to service the building and common area restrooms throughout. These second floor suites have great views.

  • Listing ID: 38343460

  • Date on Market: 11/5/2025

  • Last Updated:

  • Address: 689 Tank Farm Rd, San Luis Obispo, CA 93401

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