$2,000,000
( $1041.67Per Sq Foot )
 $10,736 est/mo Sourced by Back At You

664 Marsh,San Luis Obispo, CA 93401

San Luis Obispo, CA 93401

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Description

Distinctive tenant-occupied commercial investment opportunity in the heart of Downtown San Luis Obispo. Currently home to The Penny, 664 Marsh Street is a historic 1937 former blacksmith and metal-fabrication building that has been transformed into a highly recognizable wedding and special-event venue. The property features industrial character, exposed brick, an open-plan indoor venue, a private outdoor courtyard, and a current configuration designed to accommodate approximately 125 seated or 300 standing guests. Prime walkable downtown location, with established event use, historic architecture, and flexible indoor-outdoor environment make this a rare opportunity to acquire a truly unique San Luis Obispo commercial asset. 4 adjacent properties are available for sale, combining them all would provide genuine development potential.

Details

MLS #SC26164619
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1937
Days On Site36
Listing Provided ByAcquire Mortgage & Real Estate | Levi Seligman

Features

SQ Feet1,920
Story(s)1
Acreage0.16

Exterior

Lot FeaturesLevel, Rectangular Lot

Area Information

StateCA
CountySan Luis Obispo
CitySan Luis Obispo
Zip Code93401
AreaSLO San Luis Obispo
Listing VS Median (in 93401)
Price:
$2,000,000
low | high
Med:
$895,000
100% of Average
sqft:
1,920
low | high
Med:
1,034
96.145833333333% of Average
$ / sqft:
$1,042
low | high
Med:
$904
63.222887182588% of Average
On site:
36
low | high
Med:
123.5
29.14979757085% of Average
Sourced by Back At You

Market Activity 93401

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Contact

Learn More About This Property

Jeff Rayborn

Jeff Rayborn

Desert Lifestyle Properties

02062886 (323) 833-5529jeff@desertlifestyleproperties.com
StateCA
CountySan Luis Obispo
CitySan Luis Obispo
Zip Code93401
AreaSLO San Luis Obispo
Listing VS Median (in 93401)
Price:
$2,000,000
low | high
Med:
$895,000
100% of Average
sqft:
1,920
low | high
Med:
1,034
96.145833333333% of Average
$ / sqft:
$1,042
low | high
Med:
$904
63.222887182588% of Average
On site:
36
low | high
Med:
123.5
29.14979757085% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.5M - $2.5M
sqft: 1,000 - 2,000
Nearby Listings Property ImageNearby Listings Details
1131 Broad Property Photo 1
$1,550,000
1131 Broad
San Luis Obispo, CA 93401
581 Higuera Street 202 Property Photo 1
$1,350,000
581 Higuera Street 202
San Luis Obispo, CA 93401
581 Higuera Street 210 Property Photo 1
$1,195,000
581 Higuera Street 210
San Luis Obispo, CA 93401
Listing Updated: August 21, 2026 at 10:13:09 PM PDT
Jeff Rayborn
License #: 02062886
(323) 833-5529
Desert Lifestyle Properties - 200 N Sunrise Way Ste.B.
Palm Springs, CA 92262

Jeff Rayborn - Desert Lifestyle Properties