The Lodge I Morro Bay Event Center
Special Purpose | 8,000 SqFt
Marketing description
8,000± SF Event Center on Highway 41 — For Sale at $2,750,000 ($343.75/SF)
Sale Terms & Flexible Financing Seller financing available — own with favorable terms and without conventional bank financing
Lease-to-own / lease option structures are available for qualified buyers. Flexible, creative deal structures
Morro Bay's most distinctive gathering spaces at an exceptional price, just $343.75 per square foot — Freestanding event center on 2.9 acres offers turnkey space at a fraction of replacement cost and well below typical improved-commercial pricing on California's Central Coast. Located just minutes from the beach, downtown Morro Bay. The main hall occupant load of up to 573 standing, 409 in auditorium seating, or 191 seated at tables — A separate Family Room seats up to 50, and the floor plan includes a commercial-style kitchen, stage, restrooms, office, and on-site storage, plus a flexible ±2,400 SF wing.
A standout amenity: on-site overnight RV parking is permitted for lodge events (ZON2024-01154) — a rare feature allowing multi-day gatherings to stay on-site. Major Recent Improvements
The current ownership has invested significantly in the property, delivering a turnkey building with major systems and curb appeal already addressed:
New asphalt, New landscaping, Fresh exterior paint, and new windows.
While proven as a wedding and banquet venue, SLO County approved for broad slate of permitted uses, widening the field of potential owner-operators well beyond traditional event hosting:
Meetings, conferences, and community gatherings
Weddings, parties, and catered events
Auctions and periodic sales
Dances, musical performances, stage plays, and movie showings
Fashion shows, art festivals, and collector shows
Fundraisers, political meetings, and polling place use
Religious and cultural events, funerals, and memorials
Distribution center and storage use
Private membership club activities and emergency shelter use
Owner-occupant events or hospitality business, a church or congregation, an auction house, a performing-arts or fitness/dance operation, a training provider, a nonprofit, or a membership organization. Buyers should confirm their intended use with the County.
Value-Add Potential: The parcel includes existing mobile home/RV spaces recognized as a legacy use; any expanded RV or camping operation would be subject to SLO County permitting, offering a savvy buyer a path to additional upside beyond the core event-center business.
Investment highlights
Rare Coastal Asset at a Low Basis
• Priced at $2,750,000 — just $343.75 / SF for ±8,000
SF of improved, turnkey assembly space.
• Well below replacement cost and typical
improved-commercial pricing on the Central Coast.
• Freestanding building on State Highway 41 frontage
into Morro Bay.
• An irreplaceable, high-capacity venue in a
supply-constrained coastal market.
Exceptional Capacity and Flexibility
• County-approved main-hall occupancy of 573
standing / 409 auditorium / 191 banquet.
• Family Room for up to 50, plus commercial kitchen,
stage, restrooms, office, and storage.
• Flexible ±2,400 SF wing — room to divide, expand, or
sublease.
• 60+ on-site striped parking spaces.
Broad Permitted-Use Profile
• County Authorization (ZON2024-01154) approves 30+
permitted uses beyond traditional events.
• Weddings, conferences, auctions, performances,
classes, religious & cultural events, and more.
• Widens the buyer pool to owner-users, congregations,
auction houses, arts/fitness operators, and nonprofits.
• Event RV parking permitted on-site for lodge events —
a rare guest amenity.
Turnkey and Flexible Financing
• Major improvements: new asphalt, landscaping,
exterior paint, and windows throughout.
• Reduced near-term capital needs — operate or
reposition from day one.
• Seller financing available — own without conventional
bank financing.
• Lease-to-own / lease option structures available for
qualified buyers.
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