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

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    Iconic Restaurant Building in SLO
    Updated: Jun 26, 2025
    Iconic Restaurant Building in SLO

    815 Palm St, San Luis Obispo, CA

    $895,000
    2,078 sqft 0.03 AC lot
    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.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    815 Palm St, San Luis Obispo, CA

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    • Est. Cap Rate

      3.8%
      NOI ÷ price

    • Est. NOI

      $34K
      Annual

    • Price @ 7% Cap

      $482K
      Suggested

    • Property Type

      Restaurant
      Built 1958
    View Property Analytics
    Iconic Restaurant in Downtown SLO
    Updated: Mar 11
    Iconic Restaurant in Downtown SLO

    815 Palm St, San Luis Obispo, CA 93401

    $895,000
    0.02 AC lot
    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.
    View details
    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.

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

    75 San Miguel St, Avila Beach, CA

    $735,000
    1,584 sqft 0.04 AC lot

    Retail/Restaurant space one block from Avila Beach.

    View details
    Ground-Floor Retail Condo with Patio
    Ground-Floor Retail Condo with Patio

    401 W Grand Avenue, Grover Beach, CA 93433

    $425,000

    Ground-floor retail condo delivered as a cold shell with a 462 SF patio for customer-facing use.

    View details
    Restaurant and Retail Condo Patio
    Restaurant and Retail Condo Patio

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

    $425,000

    Cold shell ground-floor retail condo with a private patio for restaurant or coffee shop concepts in a new mixed-use development.

    View details
    Retail Restaurant Office Space
    Retail Restaurant Office Space

    445 1st St, Avila Beach, CA

    $735,000

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

    Oceanfront Commercial Visitor Land
    Oceanfront Commercial Visitor Land

    Atascadero Road, Morro Bay, CA 93442

    $3,900,000
    3.73 AC lot

    Oceanfront land zoned CVS with scrub willow and ice plant coverage, requiring updated reports for permitting.

    View details
    C-3 Commercial Development Land
    C-3 Commercial Development Land

    Wisteria Lane, Paso Robles, CA 93446

    $1,400,000
    2.20 AC lot

    C-3 zoned commercial land parcel ready for development with completed off-site and on-site improvements, including fiber optic.

    View details
    C-3 Commercial Land Parcel
    C-3 Commercial Land Parcel

    Wisteria Lane, Paso Robles, CA 93446

    $2,900,000
    4.72 AC lot

    C-3 zoned commercial parcel in a business park with completed on-site and off-site improvements, including fiber optic.

    View details
    C-3 Commercial Development Parcel
    C-3 Commercial Development Parcel

    Wisteria Lane, Paso Robles, CA 93446

    $1,400,000
    2.16 AC lot

    C-3 zoned land parcel in a business park, offered with completed on-site and off-site improvements including fiber optic.

    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

    $890,000
    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

    $1,845,000
    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
    $880,000
    Estimated value
    5,900 sqft 0.11 AC lot
    View details
    1023 Chorro St
    RESTAURANT

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

    $2,475,000
    Estimated value
    6,347 sqft 0.08 AC lot
    View details
    1023 Chorro St
    RESTAURANT

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

    $2,305,000
    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

    $630,000
    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

    Value Estimation by Request
    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

    $1,400,000
    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

    $4,005,000
    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

    $4,035,000
    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

    Value Estimation by Request
    2,030 sqft 0.30 AC lot
    View details
    1601 Monterey St
    RESTAURANT

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

    $1,020,000
    Estimated value
    3,029 sqft 0.13 AC lot
    View details
    990 Industrial Way
    RESTAURANT

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

    $4,710,000
    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

    $640,000
    Estimated value
    1,111 sqft 0.17 AC lot
    View details
    2115 Broad St
    RESTAURANT

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

    $515,000
    Estimated value
    4,724 sqft 0.17 AC lot
    View details
    1901 Broad St
    RESTAURANT

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

    Value Estimation by Request
    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 2,078 square feet of properties for sale, with an estimated market value of $895,000.

    Sale prices for restaurant properties in San Luis Obispo, CA start at $895,000, averaging $895,000, and reaching up to $895,000 — 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

    Bars & Pubs 2
    Conventional restaurants 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 average 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 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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