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972 Foothill Boulevard, San Luis Obispo, CA 93401

$950,000
  • 972 Foothill Boulevard, San Luis Obispo, CA 93401 Main Photo

5 Photos

Active
MLS#PI26022139
STATUSActive PROPERTY TYPECommercial - Investment

Listing Courtesy of: Burnes Commercial Group
Agency Phone: 805-556-0900
Associate Name: Mark Burnes
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Listing Shown by: Watson Realty - Central California Escrow
Agency Phone: (661) 716-5000


Property Description

Take the reins of Milestone Tavern, a well-appointed, full-service, dine-in restaurant and pub situated in the heart of San Luis Obispo, California. This established business, which has been successfully operating since 2017, presents an excellent opportunity for an owner-operator to capitalize on its strong reputation and take it to the next level. The restaurant is housed in a spacious 5,650 square feet facility, strategically located in a highly visible area, attracting both locals and tourists alike. The business comes with a Class 47 Liquor License, allowing the new owner to continue serving a full bar menu to complement the restaurant's popular food offerings. Milestone Tavern currently employs a team of 31 dedicated staff members, ensuring smooth operations and impeccable customer service. The existing owners, who have had a successful run in the restaurant industry for three decades, are now looking to semi-retire. They are committed to providing as much training and support as the new owner needs to ensure a seamless transition. This is an excellent opportunity to acquire a thriving business with significant growth potential. The owners have laid a strong foundation, and with the right vision, the new owner can build upon this success. The asking price for this profitable venture is $950,000. Detailed financials and lease terms will be released upon the execution of the attached non-disclosure agreement (NDA). This is a rare opportunity to own a profitable and established restaurant business in the vibrant city of San Luis Obispo To get more information about this Milestone Tavern business for sale in San Luis Obispo, California. Please complete, execute and return the attached NDA for P&Ls and lease information.

972 Foothill Boulevard | MLS# PI26022139

This commercial property located at 972 Foothill Boulevard, San Luis Obispo, CA 93401 is currently listed for sale with an asking price of $950,000. Search San Luis Obispo real estate on www.cce-escrow.com today.

Property Features

Property Type: Commercial - Investment

Feature Descriptions

Business Type: Restaurant
Days on Site: 59

Listed By / Shown By

Listed By

Agency Name: Burnes Commercial Group
Agency Phone: 805-556-0900
Agent Name: Mark Burnes

Shown By

Agency Title: Watson Realty - Central California Escrow
Agency Phone: (661) 716-5000

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/07/2026. The listing information on this page last changed on 04/07/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 04/07/2026 12:06:04 AM EST) or CRMLS (last updated Tue 04/07/2026 12:01:52 AM EST) or GEMLS (last updated Mon 04/06/2026 11:13:13 PM EST) or Tehachapi MLS (last updated Mon 04/06/2026 11:00:47 PM EST). Real estate listings held by brokerage firms other than Watson Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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