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$1,550,000
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Property Description
Opportunity to secure a move-in ready restaurant space in one of downtown SLO's most desirable corridors. Recently retrofitted and renovated, this space is ready for your concept from day one, minimal buildout required --
Massive patio with outdoor seating, perfect for capturing San Luis Obispo's year-round temperate climate --
Versatile large front doors fronting Broad Street, offering excellent visibility and an inviting indoor-outdoor flow --
Easement access from Marsh Street to dedicated parking - a rare and valuable asset in downtown SLO --
Storage container on-site in the parking lot for additional equipment or supply storage.
Recently renovated with updated infrastructure throughout.
Positioned on Broad Street in the heart of downtown, this location benefits from strong pedestrian and vehicle traffic, proximity to Cal Poly, and San Luis Obispo's thriving food and hospitality scene.
Ideal for a restaurant, gastropub, or café concept ready to open with minimal delay.
3 other adjacent properties also available for sale, all with leases in place. Combining them would provide huge development potential.
Full Property Details
Full Property Details for 1131 Broad
General
- Price: $1,550,000
- Status: Active
- Type: Business
- Source: MRMLS
- MLS ID: SC26163893
- Updated: 8/7/2026
- Days on Market: 41 days
- Added to Site: 41 day(s) ago
Business
- Business Type: Restaurant
Rooms
Other Rooms
- Laundry: None
Location
- County: San Luis Obispo
- Driving Directions: From 101 exit Marsh St. Left on Broad, building on left
Structural Information
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 1378
- Square Feet: 1,378
- Current Bldg. Use: Commercial
- Year Built: 1929
Lot Features
- Lot Size (Acres): 0.0803
- Useable Acres: .0803
- Lot Size (Sq. Ft.): 3,500
- Lot Size Source: Assessor
- Lot Features: Rectangular Lot, Level, Walkstreet
- Lot Description: Rectangular Lot, Level, Walking Street
Financial Considerations
- Price Per Sq. Ft.: $1,124
Disclosures and Reports
- Property ID: 2422017
Listed by Acquire Mortgage & Real Estate, LeviSeligman
Get Pre-Approved Today
Schools
Schools serving 1131 Broad
School District:San Luis Coastal Unified School District
| Name | Grades | Distance |
|---|---|---|
Hawthorne Elementary School, San Luis Obispo, CA 2125 Story Street, San Luis Obispo, CA 93401 | K-6 | 0.6 mi |
Laguna Middle School 11050 Los Osos Valley Road, San Luis Obispo, CA 93405 | 7-8 | 2.1 mi |
San Luis Obispo High School 1499 San Luis Drive, San Luis Obispo, CA 93401 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1131 Broad
Date
Details
Price
Change
Source
8/05/2026
Listed
$1,550,000
24%
MLS
8/02/2016
Sold
$1,250,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1131 Broad
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,022
2%
$1,000,000
3%
2023
$10,792
13%
$975,000
8%
2022
$9,524
38%
$900,000
38%
2021
$6,905
-51%
$650,000
-51%
2020
$14,091
1%
$1,326,510
2%
2019
$13,945
2%
$1,300,500
2%
2018
$13,671
2%
$1,275,000
2%
2017
$13,403
79%
$1,250,000
79%
2016
$7,506
8%
$700,000
8%
2015
$6,968
7%
$650,000
-28%
2013
$6,526
—
$904,079
39%
2013
$6,526
—
$650,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1131 Broad
1131 Broad, San Luis Obispo, CA 93401 (MLS# SC26163893) is a Business property. 1131 Broad is currently listed for $1,550,000 and was received on August 05, 2026. Want to learn more about 1131 Broad? Do you have questions about finding other Business real estate for sale in San Luis Obispo? You can browse all San Luis Obispo real estate or contact a Coldwell Banker agent to request more information.

