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    815 Palm St San Luis Obispo, CA 93401

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    For Sale
    $895,000

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

    Property size:
    2,078 SF
    Lot size:
    0.03 Acres

    Property Features for 815 Palm St

    General Information

    Size
    2,078 SF
    Lot size
    0.03 Acres

    Source: Anderson Commercial Real Estate Services Agent Derek Senn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iconic Restaurant Building in SLO

    This iconic two-story structure, located in San Luis Obispo’s Chinatown and adjacent to the Palm Theatre, is currently outfitted as a restaurant. Situated in the heart of downtown San Luis Obispo, the property is located near Hotel SLO and steps from Mission Plaza. A large parking garage is located directly across from the building. The property offers 2,078 square feet of space. This location presents an opportunity to own a piece of San Luis Obispo history.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mee Heng Low ... Chinese Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Daycare Center Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Tap Truck SLO, Splash Cafe Gourmet Catering, Chefs Table Catering, Gold Land BBQ

    Location Insight

    • Map
    • Local Demand
    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6639023
    Latitude
    35.2814331

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    FAQs

    What type of property is this?
    Restaurant - Two-story restaurant property in the heart of downtown San Luis Obispo.
    Where is this restaurant located?
    The property is located at 815 Palm St San Luis Obispo, CA.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Prime downtown San Luis Obispo location, steps from Mission Plaza and near Hotel SLO.; - Situated in SLO's Chinatown, adjacent to the Palm Theatre.; - Currently outfitted as a restaurant.
    (805) 543-1400
    Request Owner's contact information
    815 Palm St San Luis Obispo, CA 93401
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    San Luis Obispo, CA 93401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    815 Palm St San Luis Obispo, CA 93401
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