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.
Property Details
Price:
$2,000,000
MLS #:
SC26164619
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Retail
Neighborhood:
slosanluisobispo
Listed Date:
Aug 6, 2026
Total Sq Ft:
1,920
Lot Size:
7,000 sqft / 0.16 acres (approx)
Year Built:
1937
See this Listing
Schools
Interior
Laundry Features
NO
Exterior
Financial
Map
Community
- Address664 Marsh San Luis Obispo CA
- CitySan Luis Obispo
- CountySan Luis Obispo
- Zip Code93401
Subdivisions in San Luis Obispo
Market Summary
Current real estate data for Commercial in San Luis Obispo as of Aug 12, 2026
25
Commercial Listed
115
Avg DOM
$2,011,316
Avg List Price
Property Summary
- 664 Marsh San Luis Obispo CA is a Commercial for sale in San Luis Obispo, CA, 93401. It is listed for $2,000,000 To schedule a showing of MLS#sc26164619 at 664 Marsh in San Luis Obispo, CA, contact your Outland and Associates Real Estate agent at 8054813939.
Similar Listings Nearby
Courtesy of Acquire Mortgage & Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates Real Estate include the name of the listing broker. Neither the listing company nor Outland and Associates Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.664 Marsh
San Luis Obispo, CA