1121 Broad StSan Luis Obispo, CA 93401

Property Details for 1121 Broad St

Year built

1929

Construction

TILT-UP CONCRETE

Lot size

0.09 AC

Property size (Sq ft)

3,800 SF

Zone code

CD

Property type

Retail properties

Property subtype

Turn key restaurants

APN

002-422-009

APU

2422009

Description

This exceptional 3,800-square-foot retail space, located at 1121 Broad Street in San Luis Obispo, California, presents a unique opportunity for a restaurant operator. Situated in San Luis Obispo County, this single-tenant property offers complete flexibility for a new establishment or relocation. The entire building is currently vacant, providing immediate occupancy for a prospective tenant. The address, 1121 Broad St, 93401, places the property in a high-visibility location within the city of San Luis Obispo, offering excellent access and exposure to potential customers. The property's size allows for a substantial restaurant layout, accommodating ample seating, a fully equipped kitchen, and additional support spaces. This is a turnkey opportunity for a business seeking a prominent location in a thriving California market. The property is classified as a retail space specifically suited for restaurant use. Interested parties are encouraged to explore the potential of this exceptional location to establish or expand their culinary venture. The property is ready for immediate occupancy, eliminating any delays in launching a new business. This is a rare opportunity to secure a significant retail space in a desirable area of San Luis Obispo.

• CAP approach

  CAP return

  Valuation

  6%

  $791,907

  6.5%

  $730,991

  7%

  $678,777

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,271,599

  Geo Method

  $2,496,460

• Alternative Use

  Use

  Valuation

  Residential

  $616,618

  Hospitality

  $564,819

  Educational

  $469,923

  Medical

  $486,084

  Retail

  $730,991

Location Insight

City

San Luis Obispo

County

San Luis Obispo

State

California

Latitude

35.2784

Longitude

-120.664

CBSA code

42020

CBSA name

SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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