Description

We are pleased to present this opportunity. 1120 Broad St offers 4,067 SF of retail space for lease within Hotel Cerro at 1120 Broad Street in San Luis Obispo, CA. The space is configured as a turnkey spa, giving a wellness operator an established layout rather than an open retail floor.

The spa brings treatment and retail functions together in one space. Single and double treatment rooms accommodate individual and couples’ services, while wet treatment rooms with showers support a different service format. Dedicated skincare areas, steam rooms, a meditation lounge and exterior meditation areas broaden the guest experience. Private men’s and women’s locker rooms and a retail boutique near the entrance give the operator separate spaces for guest preparation and product sales.

Prominent street frontage places the boutique at the threshold of the spa in a well-visited downtown corridor. The setting within Hotel Cerro connects the space to a hospitality property, while the surrounding wineries and wedding destinations give a wellness operator a clear audience for treatments and group bookings. Downtown SLO Farmers’ Market, Cal Poly San Luis Obispo and US 101 are also shown in the surrounding area. Together, these features position the space for both hotel guests and visitors to downtown San Luis Obispo.

The 4,067 SF of available gross leasable area is also the maximum contiguous space, allowing an operator to plan around the existing spa layout as a whole. The lease term is 5+ Years, and the asking rent is negotiable. That structure gives a tenant a defined longer-term horizon for operating the treatment rooms, guest amenities and boutique under one concept. Please do not disturb the current tenant.