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    San Luis Obispo, CA
    Conventional Restaurant

    San Luis Obispo, CA Conventional Restaurants for Sale

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    Freestanding Restaurant with Two Patios
    Updated: Jul 23
    Freestanding Restaurant with Two Patios

    1575 Calle Joaquin, San Luis Obispo, CA 93405

    Contact for pricing
    5,940 sqft 1.05 AC lot
    5,940 SF freestanding restaurant building on 1.05 acres
    Freeway visibility
    High‑volume kitchen with walk‑in refrigeration
    100+ seats for dining
    Two patios for outdoor dining
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    Downtown Restaurant Building
    Updated: Apr 17
    Downtown Restaurant Building

    686 Higuera St, San Luis Obispo, CA 93401

    Contact for pricing
    2,000 sqft
    2,000 SF commercial building with former restaurant use
    Located in downtown San Luis Obispo
    Former restaurant space in an area with heavy foot and vehicle traffic
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    Iconic Restaurant in Downtown SLO
    Iconic Restaurant in Downtown SLO

    815 Palm St, San Luis Obispo, CA 93401

    $895,000
    0.02 AC lot

    Two-story restaurant in the heart of San Luis Obispo.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Milestone Tavern Restaurant Business
    Milestone Tavern Restaurant Business

    972 Foothill Boulevard, San Luis Obispo, CA 93401

    $950,000

    Established dine-in operation with a full bar program, Class 47 liquor license, and an existing service team.

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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in San Luis Obispo, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Ground-Floor Retail Space with Patio
    Ground-Floor Retail Space with Patio

    401 W Grand Avenue 1-2, Grover Beach, CA 93433

    $1,049,000
    2,865 sqft

    Cold-shell commercial condo suited to restaurant, coffee shop, and retail uses.

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    Restaurant or Retail Space
    Restaurant or Retail Space

    1427 E Grand, Arroyo Grande, CA 93420

    Contact for pricing
    1,500 sqft

    Level commercial space in Courtland Village Plaza, surrounded by established retail and restaurant tenants.

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    Ground-Floor Retail Condo with Patio
    Ground-Floor Retail Condo with Patio

    401 W Grand Avenue, 1-1, Grover Beach, CA 93433

    $425,000

    Cold-shell commercial condo with patio in a mixed-use residential development near the Grand Avenue beach entrance.

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    Turnkey Franchised Yogurt Shop
    Turnkey Franchised Yogurt Shop

    1229 E Grand Ave Unit #103, Arroyo Grande, CA 93420

    Contact for pricing

    Turnkey Menchie's franchised yogurt business sale with long-term lease and corporate training available for the buyer.

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    San Luis Obispo, CA Conventional Restaurants Market Trends and Statistics

    Explore 4 conventional restaurants for sale in San Luis Obispo, CA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 7,940 square feet of properties for sale, with an estimated market value of $1,845,000.

    Sale prices for conventional restaurants in San Luis Obispo, CA start at $895,000, averaging $922,500, and reaching up to $950,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 7
    Bars & Pubs 4

    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 $895K

    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)

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    • 93405

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