Millman Team Real Estate

$1,750,000
0.09 Acre Lot

1121 Broad Street, San Luis Obispo, California 93401

  • Commercial Sale Property Type
  • 1929 Year Built
Property 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.

Basic Details
Commercial Sale
For Sale
NS26123043
$1,750,000
1929
0.09 Acre
Active
Retail
Features
: Central
: None
: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Cable Available, Phone Available
$0
Address Map
CA
San Luis Obispo
San Luis Obispo
93401
Broad
1121
Street
W121° 20' 8.4''
N35° 16' 42.3''
Between Marsh and Higuera Streets.
SLO - San Luis Obispo
C-D
Additional Information
$0
$0
$0
$0
$0
3800
Bar/Tavern/Lounge,Restaurant,Variety
: Commercial
1
: 0-1 Unit/Acre
2026-06-05
1
: Public
Broker/Agent Information
Central Coast Sotheby's International Realty
Julianne DesJardins
Listing Information
Alessandra McGuckin
PRMCGUCKINA
NSCCSIR
Central Coast Sotheby's International Realty
NS01982316
NSCCSIR
Cash,Cash to New Loan,1031 Exchange
Active
2026-06-05T23:04:45Z
CRMLS
: Standard
2026-06-05T15:52:49Z
Agent info
Ray Millman
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