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SLO Shack for Sale

Thursday, March 24, 2005

Restaurant owners trying to unload a San Luis Obispo eatery established by Modesto's best-known murderer and victim are using that footnote as a selling point.

"The Shack was founded by Scott and Laci Peterson in 1998," reads an eBay advertisement for the sports bar and grill with an asking price of $199,000.

A man who answered a phone at the restaurant Monday refused to discuss the sale. The ad asks potential buyers to contact owners via e-mail.

The Petersons opened The Shack with help from his parents after attending California Polytechnic State University -- about a mile away -- and sold it before moving to Modesto a few years later.

The eatery's link to the high-profile murder of Lacy Peterson could draw potential buyers, said agent Angel Polhemus of CoSol Commercial Real Estate in Modesto. Her job includes helping owners develop sales strategies.

"I would think that's going to bring them lots of interest," Polhemus said. The "creepy" factor shouldn't affect the restaurant because it had nothing to do with the crime, she said.

It appears the owners are trying to sell the eatery without using an agent. No listing was found on industry sites. The eBay ad says The Shack is 2,100 square feet, including a patio, with a lease at $4,600 per month running through May 2008. Its owners hope to move to the Bay Area, the ad reads.

The $199,000 asking price includes a 61-inch big-screen TV and three smaller TVs, a satellite TV system, audio system, soda machine, ice machine, 55 chairs, 15 tables, a bar and 25 bar stools. A beer and wine license is transferable, according to the ad.

"Somebody not even in the restaurant business who wants a piece of fame might buy it just to be recognized," Polhemus said.

Three eBay sellers also are trying to move three copies of Thursday's Bee, which included in-depth reports on Peterson's formal sentencing. The highest bid as of Monday afternoon for one copy, sold last week for 50cents, was $10.

'Creepy' factor might help find buyer
Modesto Bee, Garth Stapley

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