1121 Broad Street
San Luis Obispo, CA, 93401 $ 1,750,000
Baths0.0 Sq 3,800 Monthly Estimate*
$ 10,775
Listed by Central Coast Sotheby's International Realty
Studio for $1,750,000. This 3,800 square foot home was built in 1929 on a lot size of 0.0872.
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.
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FeaturesGeneralHeating Central
Utilities CableAvailable ElectricityConnected NaturalGasConnected PhoneAvailable SewerConnected WaterConnected
Zoning C-D
Security Features Prewired
Year Built 1929
Property Subtype Retail
Current Use Commercial
Business Type BarTavernLounge Restaurant Variety
County San Luis Obispo
Property Type CommercialSale
Special Listing Conditions Standard
Status Active
Directions Between Marsh and Higuera Streets.
City San Luis Obispo
MLS Area SLO - San Luis Obispo
Lot Size Units SquareFeet
Lot Size Square Feet 3800
Listing Terms Cash CashToNewLoan Exchange1031
Land Lease Y/N false
Additional Parcels Y/N false
Lease Considered Y/N true
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Vacant
Year Built Source PublicRecords
Property Sub Type Additional Retail
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InteriorTotal Stories 1
Heating Y/N true
Laundry Features None
Entry Level 1
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ExteriorLot Features ZeroToOneUnitAcre
Water Source Public
Lot Size Area 3800
Building Area Total 3800
Lot Size Acres 0.0872
Lot Size Source Assessor
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* Excluded FeaturesList ByCentral Coast Sotheby's International RealtyBroker
julesdrealty@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $10,775
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in San Luis Obispo, CA
Average List Price $1,643,643
Percent of Sale Price 6%
About San Luis Obispo, CA 47,311 Population
11% Since 2002
$ 55,617 Median Income
30.28 Median Age
17% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/5/2026 | $1,750,000 | | Listed Price |