The Penny

664 Marsh St, San Luis Obispo, CA
Capacity: 300 people

About The Penny

Situated in the heart of downtown San Luis Obispo, The Penny is a unique event venue featuring an open floor plan with an industrial indoor space + outside courtyard. Available for weddings, receptions, parties, corporate events, photo shoots, production, workshops and more. Constructed in the 1930’s to house a blacksmith shop, the building's historic aesthetic showcases original architecture, exposed brick, and industrial finishes with modern fixtures and decor. It's name, The Penny, is a nod to the craftsmanship that has taken place within these walls for close to a century. San Luis Obispo's only large, mixed-use event space of its kind, The Penny's central location offers walk-ability to all of downtown's best new hotels, restaurants and nightlife. Owners, Tinker Tin Trailer Co and Sidecar Cocktail Co, and Heather and Mike Spangler Jr have combined their event expertise, love for preserving storied history, and a sharp eye for design to create a unique space and superior experience.

Event Pricing

Venue Rental
Attendees: 300 max | $850 - $5,950 /event
Pricing for all event types


Beautiful but small! - An Eventective User

The venue is absolutely stunning but far too small for 300 people. I highly recommend it for a smaller wedding or reunion of some type. The aesthetics of the place are unlike anything else on the Central Coast. We would have loved to spent our big day celebrating here but we needed to change venues for more space for our 250 guests.

Management Response
Thank you for your kind words - we truly are a unique space that blends historic, industrial and modern. We are perfect for a 300 person standing mixer, however, yes for a wedding with a sit down reception or ceremony our max capacity is 125. I hope you found your perfect venue; congratulations again!
Venue Types
  • Handicapped Accessible
  • Outdoor Function Area
  • Outside Catering Allowed
  • Wireless Internet/Wi-Fi
  • Max Number of People for an Event: 300
  • Number of Event/Function Spaces: 1
  • Special Features: 125 guests - Seated 300 guests - Cocktail/Reception
  • Total Meeting Room Space (Square Feet): 2,125
  • Year Renovated: 2019