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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 and workshops, The Penny offers flexible rental availability.

​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.

​As San Luis Obispo's first 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. With over 2 decades in the hospitality industry, The Penny’s owners have combined their event expertise, love for preserving storied history, and a sharp eye for design to create a unique space and superior experience.