Restaurants

San Luis Obispo, CA Restaurants for Sale

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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
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Milestone Tavern Restaurant Business
Updated: Mar 7
Milestone Tavern Restaurant Business

972 Foothill Boulevard, San Luis Obispo, CA 93401

$950,000
5,650‑square‑foot restaurant facility at 972 Foothill Boulevard
Operating since 2017 as a full‑service, dine‑in restaurant and pub
Class 47 Liquor License supports a full bar menu
Existing team of 31 staff members
Current owners have three decades of restaurant‑industry experience
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Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 2 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
Ground-Floor Retail Space

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

$425,000
1,047 sqft

Cold-shell commercial condo with patio, positioned for restaurant, coffee shop, or retail use.

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Established Coffee Shop with Equipment
Established Coffee Shop with Equipment

1121 Rossi Road C, Templeton, CA 93465

$199,500
990 sqft

Operating café business with indoor seating, espresso equipment, and a dedicated service counter in a Retail-zoned suite.

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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.

View details
Turn-Key Boutique Coffee Shop
Turn-Key Boutique Coffee Shop

C-1121 Rossi Rd, Templeton, CA 93465

$199,500

Fully equipped coffee shop for sale in a shopping center anchored by Trader Joe's.

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.

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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.

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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

Estimated value:
$815,000
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

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

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

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

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

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

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

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

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

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

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

Estimated value:
$2,180,000
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
Estimated value:
$315,000
5,900 sqft 0.11 AC lot
View details
1023 Chorro St
RESTAURANT

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

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

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

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

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

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

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

Estimated value:
$375,000
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

Estimated value:
$1,520,000
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

Estimated value:
$4,255,000
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

Estimated value:
$4,255,000
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

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

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

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

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

Estimated value:
$5,075,000
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

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

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

Estimated value:
$745,000
1,111 sqft 0.17 AC lot
View details
2115 Broad St
RESTAURANT

2115 Broad St, San Luis Obispo, CA 93401-5204

Estimated value:
$385,000
4,724 sqft 0.17 AC lot
View details
1901 Broad St
RESTAURANT

1901 Broad St, San Luis Obispo, CA 93401-4406

Estimated value:
$405,000
1,276 sqft 0.12 AC lot
View details

San Luis Obispo, CA Restaurants Market Trends and Statistics

Explore 69 restaurants for sale in San Luis Obispo, CA on our real estate platform. These investment opportunities span a total of 5,940 square feet of properties for sale, with an estimated market value of $950,000.

Sale prices for restaurant properties in San Luis Obispo, CA average $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 5
Bars & Pubs 2

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 $950K

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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