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

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    Hawaiian BBQ Restaurant Business
    Updated: Sep 2
    Hawaiian BBQ Restaurant Business

    2256 Broad St Unit 120, San Luis Obispo, CA 93401

    $280,000
    1,500 sqft
    Hawaiian BBQ restaurant business with dine‑in and takeout service
    Fully equipped kitchen included with the business
    Restaurant equipment described as being in excellent condition
    Business opportunity only; real estate is excluded from the sale
    Located at 2256 Broad St Unit 120, San Luis Obispo, CA 93401
    View details
    Freestanding Restaurant with Two Patios
    Updated: Jul 23
    Freestanding Restaurant with Two Patios

    1575 Calle Joaquin, San Luis Obispo, CA 93405

    Contact for pricing
    5,940 sqft 1.05 AC lot
    5,940 SF freestanding restaurant building on 1.05 acres
    Freeway visibility
    High‑volume kitchen with walk‑in refrigeration
    100+ seats for dining
    Two patios for outdoor dining
    View details
    Downtown Restaurant Building
    Downtown Restaurant Building

    686 Higuera St, San Luis Obispo, CA 93401

    Contact for pricing
    2,000 sqft

    Former restaurant space totaling 2,000 square feet in downtown San Luis Obispo with heavy foot and vehicle traffic.

    View details
    See what stands out in San Luis Obispo County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Milestone Tavern Restaurant Business
    Milestone Tavern Restaurant Business

    972 Foothill Boulevard, San Luis Obispo, CA 93401

    $950,000

    Established dine-in operation with a full bar program, Class 47 liquor license, and an existing service team.

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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.

    Ground-Floor Retail Space with Patio
    Ground-Floor Retail Space with Patio

    401 W Grand Avenue 1-2, Grover Beach, CA 93433

    $1,049,000
    2,865 sqft

    Cold-shell commercial condo suited to restaurant, coffee shop, and retail uses.

    View details
    Retail Restaurant Office Space
    Retail Restaurant Office Space

    445 1st Street, Avila Beach, CA 93424

    $735,000
    1,584 sqft

    Flexible retail, restaurant, or office layout with display area, private office/storage, and restroom near the beach.

    View details
    Ground Floor Retail Condo Cold Shell
    Ground Floor Retail Condo Cold Shell

    401 W Grand Avenue 2-2, Grover Beach, CA 93433

    $725,000

    Ground floor commercial condo delivered as a cold shell, positioned for restaurant, coffee, or retail uses in a new mixed-use series.

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    Retail/Restaurant Space Near Beach
    Retail/Restaurant Space Near Beach

    75 San Miguel St, Avila Beach, CA

    Contact for pricing
    1,584 sqft 0.04 AC lot

    Retail/Restaurant space one block from Avila Beach.

    View details

    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.

    Commercial Land with Beach Front
    Commercial Land with Beach Front

    Atascadero Road, Morro Bay, CA 93442

    $3,900,000
    3.73 AC lot

    CVS-zoned commercial land with beach frontage and public water service in Morro Bay.

    View details
    C3 Commercial Land Parcel
    C3 Commercial Land Parcel

    Wisteria Lane, Paso Robles, CA 93446

    $1,400,000
    2.20 AC lot

    Build-ready commercial land with completed improvements, fiber optic service, and public water in Paso Robles.

    View details
    C3 Commercial Land Parcel
    C3 Commercial Land Parcel

    Wisteria Lane, Paso Robles, CA 93446

    $2,900,000
    4.72 AC lot

    C3 zoning with completed on-site and off-site improvements, including fiber optic service.

    View details
    Commercial Land with Highway Access
    Commercial Land with Highway Access

    Wisteria Lane, Paso Robles, CA 93446

    $1,400,000
    2.16 AC lot

    C3-zoned commercial land with completed site improvements, fiber optic availability, and public water service.

    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

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

    $815,000
    Estimated value
    3,800 sqft 0.09 AC lot
    View details
    1065 Olive St
    DRIVE-THRU RESTAURANT, FAST FOOD

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

    $1,920,000
    Estimated value
    1,387 sqft 0.25 AC lot
    View details
    2138 Broad St
    RESTAURANT

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

    $670,000
    Estimated value
    2,604 sqft 0.46 AC lot
    View details
    1585 Calle Joaquin
    RESTAURANT

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

    $2,375,000
    Estimated value
    5,945 sqft 1.00 AC lot
    View details
    1491 Monterey St
    RESTAURANT

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

    $2,580,000
    Estimated value
    3,739 sqft 0.12 AC lot
    View details
    208 Madonna Rd
    RESTAURANT

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

    $1,295,000
    Estimated value
    4,141 sqft 0.49 AC lot
    View details
    1051 Nipomo St
    RESTAURANT

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

    $2,180,000
    Estimated value
    3,375 sqft 0.16 AC lot
    View details
    1075 Ct St Ste, Unit 201
    RESTAURANT

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

    Unit 201
    $315,000
    Estimated value
    5,900 sqft 0.11 AC lot
    View details
    1023 Chorro St
    RESTAURANT

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

    $2,980,000
    Estimated value
    6,347 sqft 0.08 AC lot
    View details
    1023 Chorro St
    RESTAURANT

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

    $2,980,000
    Estimated value
    1,250 sqft 0.09 AC lot
    View details
    10 Higuera St
    BAR, TAVERN

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

    $685,000
    Estimated value
    5,000 sqft 1.51 AC lot
    View details
    2143 Broad St
    BAR, TAVERN

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

    $375,000
    Estimated value
    3,150 sqft 0.16 AC lot
    View details
    195 Santa Rosa St
    DRIVE-THRU RESTAURANT, FAST FOOD

    195 Santa Rosa St, San Luis Obispo, CA 93405

    $1,520,000
    Estimated value
    3,268 sqft 0.38 AC lot
    View details
    374 Santa Rosa St
    DRIVE-THRU RESTAURANT, FAST FOOD

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

    $4,255,000
    Estimated value
    973 sqft 0.16 AC lot
    View details
    390 Santa Rosa St
    DRIVE-THRU RESTAURANT, FAST FOOD

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

    $4,255,000
    Estimated value
    2,584 sqft 0.56 AC lot
    View details
    885 Foothill Blvd
    DRIVE-THRU RESTAURANT, FAST FOOD

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

    $385,000
    Estimated value
    2,030 sqft 0.30 AC lot
    View details
    1601 Monterey St
    RESTAURANT

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

    $1,100,000
    Estimated value
    3,029 sqft 0.13 AC lot
    View details
    990 Industrial Way
    RESTAURANT

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

    $5,075,000
    Estimated value
    12,000 sqft 2.00 AC lot
    View details
    397 Santa Rosa St
    DRIVE-THRU RESTAURANT, FAST FOOD

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

    $675,000
    Estimated value
    2,223 sqft 0.44 AC lot
    View details
    672 Br St
    RESTAURANT

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

    $745,000
    Estimated value
    1,111 sqft 0.17 AC lot
    View details

    San Luis Obispo, CA Restaurants Market Trends and Statistics

    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 9,440 square feet of properties for sale, with an estimated market value of $1,230,000.

    Sale prices for restaurant properties in San Luis Obispo, CA start at $280,000, averaging $615,000, and reaching up to $950,000 — 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

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 6
    Bars & Pubs 3

    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 average listing prices of real estate assets

    Neighborhood Average Price
    93401 $922.5K

    Taxes & Financing

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

    Listings Trend

    New vs delisted commercial listings in San Luis Obispo County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Most Searched ZIP Codes in San Luis Obispo, CA

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    • 93405

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