San Luis Obispo, CA Commercial Real Estate for Sale

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49 properties

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Updated: Jun 26

Commercial Land with Surveys

973 Higuera ST, San Luis Obispo, CA 93401

$1,895,000

0.14 AC lot

5,903‑square‑foot commercial land parcel
0.1355‑acre site at 973 Higuera ST
Currently used as a vacant parking lot
COML LOT zoning designation
Completed surveys included

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Updated: Jun 19, 2025

Neighborhood Commercial Land

2040 Prado Road, San Luis Obispo, CA 93401

$3,900,000

3.59 AC lot

3.59 acres gross, totaling 156,380 SF
Maximum building size of 75,000 SF
NC zoning with retail, office, and medical uses allowed
Blue‑top pad and completed offsite improvements
Freeway‑visible site near Highway 101

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Storefront Property

283 Higuera Street, San Luis Obispo, CA 93401

$1,150,000

Constructed in 1923, this commercial building occupies a San Luis Obispo address.

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See what stands out in San Luis Obispo County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Multi-Tenant Office Building with Parking

3437 Empresa, San Luis Obispo, CA 93401

$1,900,000

6,280 sqft

Existing tenants occupy a flexible professional office layout with private rooms, meeting space, support areas, and ample parking.

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Two-Story Mixed-Use Property

668 Marsh, San Luis Obispo, CA 93401

$2,500,000

6,880 sqft

Retail and professional office space with direct Marsh Street frontage in downtown San Luis Obispo.

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Four-Suite Professional Medical Office

894 Meinecke, San Luis Obispo, CA 93405

$1,650,000

4,814 sqft

Well maintained four-suite office building with long-term tenancies, located one block from Sierra Vista Hospital.

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Medical Office Corner Suite

689 Tank Farm, San Luis Obispo, CA 93401

$2,450,000

7,727 sqft

Medical office suite with open layout, conference room, kitchenette, and elevator access within a corner location.

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Corner Office Building

1102 Laurel, San Luis Obispo, CA 93401

$2,950,000

10,700 sqft 1.15 AC lot

Functional professional-office property with on-site parking and prominent signage opportunities.

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Clear-Span Flex Space

140 South St, San Luis Obispo, CA 93401

$1,945,000

8,230 sqft

Versatile commercial building combines warehouse/showroom space with a dedicated office.

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Historic Wedding Venue with Courtyard

664 Marsh, San Luis Obispo, CA 93401

$2,000,000

1,920 sqft

Tenant-occupied event property combines industrial architectural details with adaptable indoor and outdoor gathering areas.

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Downtown SLO Historical Office Property

1334 Chorro St, San Luis Obispo, CA 93401

$1,599,000

1,600 sqft

Historical downtown San Luis Obispo office property with potential residential expansion.

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Modern Office Condo Suite

433 Marsh, San Luis Obispo, CA 93401

$525,000

512 sqft

Bright open office condo with an ADA-compliant restroom, reception area, and one dedicated on-site parking space.

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Santa Rosa Professional Building ForSale

1338 Santa Rosa St, San Luis Obispo, CA 93401

$1,950,000

3,860 sqft 0.34 AC lot

Two-unit medical/general office building constructed in 1962.

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Hawaiian BBQ Restaurant Business

2256 Broad St Unit 120, San Luis Obispo, CA 93401

$280,000

1,500 sqft

Dine-in and takeout restaurant business with an equipped kitchen and established operations.

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Specialty Property with Vaulted Ceilings

1225 Orcutt, San Luis Obispo, CA 93401

$175,000

662 sqft

Single-wide home with two bedrooms, one bath, and select appliances included.

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Bright Office Suite with Views

1035 Peach St 302, San Luis Obispo, CA 93401

$450,000

1,155 sqft 0.02 AC lot

Third-floor office suite with natural light and city views.

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Mixed-Use Development Site

1390 Walker, San Luis Obispo, CA 93401

$4,600,000

1,400 sqft 1.10 AC lot

City-approved for a 49-unit residential project and includes an existing 1,420 sq ft commercial building with added approval.

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Freestanding Restaurant with Two Patios

1575 Calle Joaquin, San Luis Obispo, CA 93405

Contact for pricing

5,940 sqft 1.05 AC lot

Freestanding 5,940 SF restaurant on 1.05 acres with freeway visibility, high-volume kitchen, walk-in refrigeration, and two patios.

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Clear-Span Retail Building

2191 Parker St, San Luis Obispo, CA 93401

Contact for pricing

8,230 sqft

Versatile clear-span retail building with strong South Street exposure and convenient freeway access for occupants.

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Two-Story Office Building

2040-2050 Broad Street, San Luis Obispo, CA 93401

Contact for pricing

2,550 sqft

Corner office property with multiple suites, private offices, support areas, and covered outdoor space.

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Medical Office and Executive Suite

805 Aerovista Pl, San Luis Obispo, CA 93401

Contact for pricing

4,054 sqft

Modern office buildout includes private offices, a conference room, open bullpens, and a break room.

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Office Suites with Elevator Access

689 Tank Farm Rd, San Luis Obispo, CA 93401

Contact for pricing

8,051 sqft

Two leased second-floor office suites served by an elevator, with common restrooms and lobby space

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Mixed-Use Development Land

973 Higuera St, San Luis Obispo, CA 93401

$1,895,000

Vacant downtown parcel surrounded by retail, offices, government services, and restaurants.

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Retail Storefront Property

1121 Broad Street, San Luis Obispo, CA 93401

$1,750,000

For-sale retail storefront property offering a practical space for neighborhood commercial use.

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San Luis Obispo, CA Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in San Luis Obispo, CA, showcased through 49 active listings on our real estate platform. These investment opportunities span a total of 385,855 square feet of properties for sale, with an estimated market value of $91,812,900.

Sale prices for business properties in San Luis Obispo, CA start at $159,900, averaging $2,869,153, and reaching up to $13,400,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 79K

Population Growth (5Y) -12.3%

Median Household Income $82,388

College Educated 27.6%

High-Yield Neighborhoods for Investment

Identify San Luis Obispo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
93401	$2.1M
93405	$5.1M

Taxes & Financing

Tax Rate (average for all types) 1.14%

Property Tax per SF $13.51 per SF

Tax Rate vs County Average 0.01 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in San Luis Obispo County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in San Luis Obispo fall within the 10,000 to 25,000 square foot range.

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