689 Tank Farm Road, San Luis Obispo, CA 93401 For Sale

🏢 For Sale | Prime Medical & Office Space – 689 Tank Farm Rd, Ste 120–140, San Luis Obispo, CA

Located at one of San Luis Obispo’s most visible and accessible intersections—Broad Street and Tank Farm Road—this ±7,727 SF medical/office property offers a rare owner/user investment opportunity in the heart of SLO’s Business Park Zone.

Suite 120 (±3,131 SF) is currently occupied, while Suite 140 (±4,769 SF) offers immediate availability with excellent street visibility and flexible floor plan options. The building features modern office layouts, a conference room, lobby, kitchenette, common-area restrooms, and elevator access—perfect for healthcare, professional services, or creative office use.

Highlights

• Sale Price: $2,450,000 ($317/SF)

• Cap Rate: 7.09% | NOI: $173,742

• Occupancy: 41%

• Type: Owner/User or Investment

• Zoning: Business Park

• Lease Rate (Suite 140): $1.75/SF NNN ($0.94)

Conveniently located minutes from Downtown SLO, Highway 101, and the SLO Airport, this property combines visibility, flexibility, and steady income potential—ideal for investors or owner-users seeking a foothold in San Luis Obispo’s thriving commercial market.