570 Higuera St, San Luis Obispo, CA 93401
For Lease
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This ±1,409 square foot restaurant space in San Luis Obispo's Creamery Marketplace offers a fantastic opportunity for a quick-service restaurant or similar business. Located at 570 Higuera Street, 93401, this second-generation space boasts valuable existing improvements, minimizing upfront build-out costs. The property benefits from excellent co-tenancy within the vibrant Creamery Marketplace, ensuring high foot traffic and visibility. Outdoor seating is available, enhancing the dining experience and maximizing capacity. The location is highly walkable, catering to the bustling downtown crowd. Currently occupied, the tenant will vacate in September 2024. The landlord is offering a new tenant security deposit and the option to extend the existing lease to a five-year term, providing long-term stability. This turnkey solution presents a rare chance to establish a thriving business in a prime San Luis Obispo County location. The property is situated in a high-traffic area with excellent visibility and accessibility. This is an exceptional opportunity for a business seeking a well-established location with significant potential for growth.
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Nite Creamery Grocery & Convenience Store Specialty Food Shop
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MagneButton Clothing Store
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Gold Land BBQ Restaurant
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breda Food Processing Plant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CC · San Luis Obispo, CASan Luis Obispo. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.