Technical
Financial
Distress signals
Property profile

1121 Broad St San Luis Obispo, CA 93401

FOR SALE
Turn key restaurants
Property ID
US09-0160317
3,800 SF 0.09 ac lot Built 1929
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1929
Construction TILT-UP CONCRETE
Total area 3,800 SF
Lot 0.09 ac (3,800 SF)
Zoning code CD
APN 002-422-009
UPID US09-0160317

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1121 Broad St San Luis Obispo, CA 93401
San Luis Obispo metro Census 11101 SAN LUIS OBISPO-PASO ROBLES, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$815k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$815k

Owner & transaction history

since 2025
7 recorded transactions
2025
$1.6M
2025
Price N/A
2025
Price N/A
2024
$813,000
2024
Price N/A
2023
$1.5M
2016
Price N/A

Zoning & alternative use

CD · San Luis Obispo, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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