Contacts
Radius Commercial Real Estate
Property Details
- Property Type Retail
- Property Size 7,492 SF
- Cap Rate % 4.88
- NOI / YR $169,235.00
- Year Built 1918
- Date Updated Apr 8, 2026
Main & Main Mixed-Use investment opportunity at the heart of downtown San Luis Obispo.
Located at Higuera and Chorro Streets—the true epicenter of Downtown San Luis Obispo’s primary commercial corridor—this approx. 7,492 SF two-story mixed-use asset blends office and retail uses to create strong in-place income and tenant synergy. Surrounded by premier shopping, dining, and the Thursday night Farmers’ Market, and just steps from Mission San Luis Obispo and Cal Poly’s HotHouse innovation hub, the property benefits from consistent tourism, student activity, and daily foot traffic.
Offered at $3,465,000 (4.88% cap rate), the asset provides stable cash flow with long-term upside in a tightly held market with limited inventory—an exceptional opportunity to secure a high-profile downtown SLO investment.
Reach out to the broker for more info on lease terms and amenities
Getting around
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99/100
Walk Score ®
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38/100
Transit Score ®
-
91/100
Bike Score ®
Location
- City San Luis Obispo, CA
- Neighborhood Downtown San Luis Obispo
- Zip Code 93401
- Market Central Coast
Points of Interest
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San Luis Obispo
0.52 miles
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Chevron
0.45 miles
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Speedway Express
0.64 miles
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Conserv Fuel
0.66 miles
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University Gas
0.85 miles
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Valero
0.85 miles
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Shell
1.02 miles
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Tesla Supercharger
1.25 miles
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eVgo
2.38 miles
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Mindbody EV Charging
2.51 miles
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EV Charging Station
3.99 miles
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San Luis Obispo Children's Museum Parking
0.18 miles
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Kathleen Waddell Ph.D
0.66 miles
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Parking Structure (131)
1.31 miles
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130 Grand Avenue Parking Structure
1.32 miles
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H-10 Parking Lot
1.50 miles
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H4
1.60 miles
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H2
1.64 miles
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H12
1.74 miles
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Cal Poly Village Drive Parking
1.84 miles
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Village Drive Parking Structure (271)
1.85 miles
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The Habit Burger Grill
0.02 miles
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Pluto's
0.03 miles
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Which Wich?
0.03 miles
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Bliss Cafe
0.04 miles
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Wingstop
0.04 miles
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Eureka! Burger
0.04 miles
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Luna Red
0.05 miles
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Bowl'd
0.05 miles
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Mongo Madness
0.06 miles
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Seeds
0.06 miles
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The Network Shopping Center
0.04 miles
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Mission Mall
0.06 miles
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Urban Optics
0.17 miles
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Smart & Final Extra!
0.42 miles
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SLO Natural Foods
1.04 miles
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California Fresh Market
1.09 miles
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Lassens Natural Foods & Vitamins
1.13 miles
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Ralphs
1.33 miles
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Kohl's
1.35 miles
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Sprouts Farmers Market
1.53 miles
Radius Commercial Real Estate