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    San Luis Obispo, CA
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    San Luis Obispo, CA Restaurants for Sale

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    Santa Margarita, CA Avila Beach, CA Pismo Beach, CA
    San Luis Obispo Commercial Space
    $369,900
    1,275 SF
    San Luis Obispo Commercial Space

    2475 Victoria Avenue, San Luis Obispo, CA 93401

    Commercial condo with outdoor space in San Luis Obispo, CA.
    • Approximately 1,000 SF outdoor patio space in addition to 1,275 SF interior space.
    • Suitable for restaurant/cafe use due to grease trap and venting systems.
    • Located in Victoria Crossing, a community of 33 residential flats.
    • Includes 11 on‑site parking spaces.
    • Zoning is C‑R‑SF (Retail Commercial with Special Focus Area Overlay).
    Updated: Aug 29, 2025
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    Iconic Restaurant Building in SLO
    $895,000
    2,078 SF
    Iconic Restaurant Building in SLO

    815 Palm St, San Luis Obispo, CA

    Two-story restaurant property in the heart of downtown San Luis Obispo.
    • 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.
    • Large parking garage directly across from the building.
    • Iconic two‑story structure.
    Updated: Jun 26, 2025
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    San Luis Obispo Leased Investment
    $13,000,000
    34,427 SF
    San Luis Obispo Leased Investment

    34,427 SF commercial property in active commercial corridor.

    855 Aerovista Pl, San Luis Obispo, CA

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    Commercial Suite in Victoria Crossing
    $190,000
    3,369 SF
    Commercial Suite in Victoria Crossing

    Commercial suites with patio space in San Luis Obispo, CA.

    2475 Victoria Ave, San Luis Obispo, CA 93401

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    Based on your search, we've compiled 79 Potential Opportunities for your consideration. Besides 4 Active listings in San Luis Obispo, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turn-Key Restaurant Opportunity in Atascadero
    $750,000
    1,775 SF
    Turn-Key Restaurant Opportunity in Atascadero

    Fully renovated restaurant with indoor and outdoor seating available for sale.

    8501 El Camino Real, Atascadero, CA 93422

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    Grover Beach Commercial Condos For Sale
    $725,000
    1,830 SF
    Grover Beach Commercial Condos For Sale

    New commercial condos ideal for restaurants and retail in Grover Beach.

    401 W Grand Avenue, Grover Beach, CA 93433

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    Restaurant/Retail/Office Opportunity
    $1,875,000
    3,900 SF
    Restaurant/Retail/Office Opportunity

    Versatile commercial space suitable for restaurant, retail, or office use.

    6910 El Camino Real, Atascadero, CA 93422

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    Grover Beach Industrial Workspace
    $695,000
    2,168 SF
    Grover Beach Industrial Workspace

    Unique industrial workspace in Grover Beach's 'Green Zone'.

    967 Huber Street, Grover Beach, CA 93433

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Morro Bay Oceanfront Commercial Land
    $3,900,000
    162,479.00 Acres
    Morro Bay Oceanfront Commercial Land

    Prime 3.73-acre oceanfront land zoned for commercial visitor use.

    0 Atascadero Road, Morro Bay, CA 93442

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    Paso Robles Commercial C-3 Land
    $2,900,000
    205,603.20 Acres
    Paso Robles Commercial C-3 Land

    Premier business park location, ready to build or invest.

    0 Lot 3 Wisteria Lane, Paso Robles, CA 93446

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    Paso Robles Commercial Land Parcel
    $1,400,000
    94,090.00 Acres
    Paso Robles Commercial Land Parcel

    Commercial C-3 parcel in a prestigious Paso Robles business park.

    0 Lot 2 Wisteria Lane, Paso Robles, CA 93446

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    Paso Robles Commercial C-3 Parcel
    $1,400,000
    95,832.00 Acres
    Paso Robles Commercial C-3 Parcel

    Premier commercial land in prestigious business park, ready to build.

    0 Lot 1 Wisteria Lane, Paso Robles, CA 93446

    View details

    Off-Market Properties in San Luis Obispo, CA

    Consider similar Off-Market properties in San Luis Obispo, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1121 Broad St
    RESTAURANT
    3,800 SF Lot: 0.09 Acres
    Estimated value
    $890,000

    1121 Broad St, San Luis Obispo, CA 93401-3506

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    1065 Olive St
    DRIVE-THRU RESTAURANT, FAST FOOD
    1,387 SF Lot: 0.25 Acres
    Estimated value
    $1,845,000

    1065 Olive St, San Luis Obispo, CA 93405-2361

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    2138 Broad St
    RESTAURANT
    2,604 SF Lot: 0.46 Acres
    Estimated value
    $670,000

    2138 Broad St, San Luis Obispo, CA 93401-5205

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    1585 Calle Joaquin
    RESTAURANT
    5,945 SF Lot: 1.00 Acre
    Estimated value
    $2,375,000

    1585 Calle Joaquin, San Luis Obispo, CA 93405-7205

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    1491 Monterey St
    RESTAURANT
    3,739 SF Lot: 0.12 Acres
    Estimated value
    $2,580,000

    1491 Monterey St, San Luis Obispo, CA 93401-2925

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    208 Madonna Rd
    RESTAURANT
    4,141 SF Lot: 0.49 Acres
    Estimated value
    $1,295,000

    208 Madonna Rd, San Luis Obispo, CA 93405-5409

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    1051 Nipomo St
    RESTAURANT
    3,375 SF Lot: 0.16 Acres
    Estimated value
    $2,180,000

    1051 Nipomo St, San Luis Obispo, CA 93401-3802

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    1075 Ct St Ste, Unit 201
    RESTAURANT
    5,900 SF Lot: 0.11 Acres
    Estimated value
    $880,000
    Unit 201

    1075 Ct St Ste, San Luis Obispo, CA 93401-3261

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    1023 Chorro St
    RESTAURANT
    6,347 SF Lot: 0.08 Acres
    Estimated value
    $2,475,000

    1023 Chorro St, San Luis Obispo, CA 93401-3222

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    1023 Chorro St
    RESTAURANT
    1,250 SF Lot: 0.09 Acres
    Estimated value
    $2,305,000

    1023 Chorro St, San Luis Obispo, CA 93401-3222

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    10 Higuera St
    BAR, TAVERN
    5,000 SF Lot: 1.51 Acres
    Estimated value
    $630,000

    10 Higuera St, San Luis Obispo, CA 93401-5415

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    2143 Broad St
    BAR, TAVERN
    3,150 SF Lot: 0.16 Acres
    Value Estimation by Request

    2143 Broad St, San Luis Obispo, CA 93401-5204

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    195 Santa Rosa St
    DRIVE-THRU RESTAURANT, FAST FOOD
    3,268 SF Lot: 0.38 Acres
    Estimated value
    $1,400,000

    195 Santa Rosa St, San Luis Obispo, CA 93405

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    374 Santa Rosa St
    DRIVE-THRU RESTAURANT, FAST FOOD
    973 SF Lot: 0.16 Acres
    Estimated value
    $4,005,000

    374 Santa Rosa St, San Luis Obispo, CA 93405-2405

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    390 Santa Rosa St
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,584 SF Lot: 0.56 Acres
    Estimated value
    $4,035,000

    390 Santa Rosa St, San Luis Obispo, CA 93405-2405

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    885 Foothill Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,030 SF Lot: 0.30 Acres
    Value Estimation by Request

    885 Foothill Blvd, San Luis Obispo, CA 93405-1726

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    1601 Monterey St
    RESTAURANT
    3,029 SF Lot: 0.13 Acres
    Estimated value
    $1,020,000

    1601 Monterey St, San Luis Obispo, CA 93401-2929

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    990 Industrial Way
    RESTAURANT
    12,000 SF Lot: 2.00 Acres
    Estimated value
    $4,710,000

    990 Industrial Way, San Luis Obispo, CA 93401-7602

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    397 Santa Rosa St
    DRIVE-THRU RESTAURANT, FAST FOOD
    2,223 SF Lot: 0.44 Acres
    Estimated value
    $675,000

    397 Santa Rosa St, San Luis Obispo, CA 93405-2435

    View details
    672 Br St
    RESTAURANT
    1,111 SF Lot: 0.17 Acres
    Estimated value
    $640,000

    672 Br St, San Luis Obispo, CA 93401-5115

    View details

    San Luis Obispo, CA Restaurants Investment Opportunities Market Analysis

    Explore 71 restaurants for sale in San Luis Obispo, CA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 41,149 square feet of properties for sale, with an estimated market value of $14,454,900.

    Sale prices for restaurant properties in San Luis Obispo, CA start at $190,000, averaging $3,613,725, and reaching up to $13,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Conventional restaurants 4
    Bars & Pubs 2
    Turn key restaurants 1

    Demographics Overview

    Population 79K
    Population Growth (5Y) -12.3%
    Median Household Income $82,388
    College Educated 27.6%

    High-Yield Neighborhoods for Investment

    Identify San Luis Obispo submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    93401 $280K

    Taxes & Financing

    Tax Rate (average for all types) 1.14%
    Property Tax per SF $13.51 per sq ft
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    Total CRE Area on Market Trend

    Average Price per SF — Retail

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