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Iconic Restaurant in Downtown SLO
For Sale
$895,000
Pending

815 Palm St, San Luis Obispo, CA 93401

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

Property SizeContact for details
Lot Size0.02 Acres
Days on Market173

Property Features for 815 Palm St

General Information

Standard status Pending
Lot size 0.02 Acres
Property subtype Commercial

Building Details

Year Built 1958
Listing Agency: Anderson & Senn Commercial Real Estate
Listed By: Derek Senn · License #01252131
Source: Elliman
Added: Mar 11 Changed: Jul 6 Last Checked: Jul 23 at 8:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Anderson & Senn Commercial Real Estate

Investment Insights

Based on property information with market context.

This iconic two-story structure is located in San Luis Obispo's Chinatown, adjacent to the Palm Theatre. The property is outfitted as a restaurant and is situated in the heart of downtown San Luis Obispo, near Hotel SLO and Mission Plaza. A large parking garage is located directly across from the building. This property offers an opportunity to own a piece of San Luis Obispo history.

Key Highlights

  • 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.

Property Analytics

Current Use

Mee Heng Low ... Restaurant

Suggested Use

Top Pick HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Mobile Phone Store Storage Facility Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,646
Businesses Nearby
Under-served
Demand for This Use

Demographics for 93401, CA

29,877
Population
14,363
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
64.2 sq mi
ZIP Area
465
Density / Sq Mi
$95,386
Median Household Income
$47,898
Median Earnings
$1,859
Median Rent
$943,500
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Two-story restaurant in the heart of San Luis Obispo.
Where is this conventional 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.
More about this property
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