For Sale | Retail

867 Higuera St, San Luis Obispo

Downtown SLO Retail Building with Value-Add or Redevelopment Potential
Property Description

On the market for the first time in over 50 years, 867 Higuera St is perfectly placed in the heart of downtown San Luis Obispo and near Cal Poly, a top-flight public university. The 7,000 square foot retail building is situated on 7,000 square feet of Downtown Commercial (C-D-H) zoned land within the Historic Overlay. The property will be delivered vacant at the close of escrow which, combined with the premier Main & Main location, presents an outstanding opportunity for either an owner-user buyer or an investor/developer looking for significant redevelopment potential. The parcel size and zoning could allow 17 to 23 apartment units. Significant development is underway in the immediate area—including new residential units, high-end commercial and mixed-use projects— further enhancing the potential upside of this prime location.

The building was previously occupied by Charles Shoes, a successful family-owned shoe store in the area since 1966. The property benefits from 50 feet of frontage along Higuera Street and unique signage for prominent visibility. Traffic counts exceed 10,900 vehicles per day, promoting engagement with the property. The building’s glass façade creates a strong and memorable presence while bringing natural light to the interior. The flat roof also offers the potential to add a rooftop deck.

This opportunity will be free and clear of existing debt and is being offered on a best offer basis for fee simple interest in the building and land thereunder.

Property Details
Size 7,000 SF
Price $4,200,000
Lot Size .16 AC
Nolan Tooley