San Luis Obispo, CA 93401,1110 Garden ST
San Luis Obispo, CA 93401,1110 Garden ST
San Luis Obispo, CA 93401,1110 Garden ST
13
$150,000
$150,000
Est.Price: ?

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1110 Garden ST San Luis Obispo, CA 93401

Est. payment /mo
SOLD DATE : 02/15/2023

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Elite Real Estate Group

Elite Real Estate Group

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $150,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PI22254069

Sold Date 02/15/23

HOA Y/N No

Property Description

Folks, this is a screaming great deal on a very well-established, long-term, TURN-KEY business!

Linnaea's is not just an iconic coffee house and cafe in downtown SLO, it is THE iconic coffee house and cafe in downtown SLO. Established in 1984 and going strong ever since - going on 39 years.

Linnaea's features a mostly vegetarian menu that offers many vegan items - and those famous Linnaea's casseroles, and of course all of the super high-quality coffee, espresso, and teas.

Linnaea's is also a well-known venue for live music and is very popular with our Cal Poly students.

The cafe location on Garden St is appx 1900 sf with a garden patio of appx 1700 sf., also included in the price are an 1140 sf commercial kitchen appx 2 miles away (3468 Sacramento Dr. Suite D) and a 2013 Kia Sportage SUV for deliveries. The appx square footage for both locations is 4740 sf - the total rent for both locations is $4,210 - as in less than $1 sf which is 20% to 25% of average rents in downtown SLO. (FYI, the rent for 1110 Garden St is $2,510 mo and the rent for 3468-D Sacramento Dr is $1,700 mo).

Full financials will be presented to serious buyers only with an executed NDA.

Feel free to enjoy some food and drink, but please do not discuss the sale with the employees. Call Mark or Paul with any questions. Thank you.

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Interior

Fireplace No

Others

Financing Cash

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CRMLS – RECore
Listed by Mark Burnes Burnes Commercial Group mb.ccim@gmail.com
Bought with Mark Burnes Burnes Commercial Group

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Elite Real Estate Group

Elite Real Estate Group

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