1338 Atascadero Road

8,000± SF Event Center — For Lease or Sale A rare opportunity to lease one of Morro Bay's most distinctive gathering spaces. Formerly The Morro Lodge, this approximately 8,000-square-foot freestanding event center sits on Highway 41 West at the gateway to California's Central Coast — minutes from the beach & downtown Morro Bay. Built for large events, the main hall carries an exceptional county-approved occupant load of up to 573 standing, 409 in auditorium seating, or 191 seated at tables — capacities most regional venues cannot match. A separate Family Room seats up to 50, and the floor plan includes a commercial-style kitchen, stage, restrooms, office, and on-site storage. An addional flexible ±2,400 SF wing offers room to grow or sublease. While proven as a wedding and banquet venue, the property's county Land Use Authorization (ZON2024-01154) approves a remarkably broad slate of permitted uses, opening the door to 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 Classes, and instructional programming Fundraisers, political meetings Religious and cultural events, funerals, and memorials Distribution center and storage use Private membership club activities (fitness, martial arts, etc) This versatility widens the field of potential operators — a hospitality or events company, church, auction house, performing-arts group, fitness or dance studio, nonprofit, or membership organization. (Permitted uses per SLO County ZON2024-01154; tenants should confirm their intended use with the County. Lease Terms Asking rent: $1.50 / SF / month — approximately $12,000 / month gross Lease type: Triple Net (NNN) On-site parking included Flexible Deal Structures Available Ownership is and open to creative structures: Lease option / lease-to-own: Seller financing for tenants who wish to transition to ownership, Flexible terms tailored to the right operator Whether you're an established event operator seeking a signature Central Coast venue or an organization needing high-capacity assembly space with a path to ownership, The Lodge offers location, capacity, flexibility, and rare deal terms in one of California's most sought-after coastal communities.