2307 E Main St

2307 E Main St , Ventura, California, 93003 | 8,902 sq.f | $ 1,950,000

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About This Restaurant

Investment Highlights

Rare opputunity to own this heavily trafficked property Location on the corner of Main and Seaward Booming Ventura with new construction up and down Main street cooridor This property offers a variety of maritime, Eco tourism , Variety of Restaurant's and Entertainment. Excellent Investment for large franchises as well as established small business owner user Excellent beach town property offering world class tourist destination Excellent central location 5 minute's to Ventura beach and pier, 30 minutes to Santa Barbara, Montecito, Westlake village

Executive Summary

Presenting an exceptional opportunity for retail investors, this 5,106 SF free-standing building, comprising a single unit, boasts a prime location in the heart of Ventura. Built-in 1965 and zoned C1, the property offers versatile potential for retail endeavors. With a strong foundation in the thriving Ventura area and an impressive 100% occupancy rate, this property presents a lucrative investment with immediate returns. Emphasizing a blend of historical charm and modern convenience, this property is poised to cater to various retail ventures seeking to establish a prominent presence in this dynamic market?an excellent location. Presently operated as laundry and cleaners for a few decades. This amazing corner lot with parking in front and back and along two streets. Makes this an amazing Investment opportunity. Also, the city is working on new codes for height and density presently. The Main and Seaward property offers Investors one of the best and last seaside communities at such low prices. Construction is all around the property. Within 30 minutes you can be in Montecito, Santa Barbara, Westlake Village, and Camarillo. The property enjoys the great walkability of downtown Ventura, with a variety of Restaurants and cuisines. Ventura offers plenty of entertainment for all ages at rooftop restaurants and bars. family time with arcades and plenty of specialty shops and stores. A portion of Main Street is closed to vehicle traffic making it a great day for tourists and families, The world-famous Country " Salon" is located on Main Street. There is also a lot of culture in Ventura from some of the amazing Architecture to the amazing museums and cultural centers to the many Art galleries along on main street. his prime location offers an array of amenities and attractions ideal for professionals and investors. With its proximity to popular destinations such as Ventura Harbor, Ventura Botanical Gardens, and Ventura Pier, the area provides an inviting atmosphere for both visitors and businesses alike. The nearby business community is thriving, with a variety of restaurants, cafes, and retail options, making it an attractive choice for office and office building investors seeking to capitalize on the dynamic Ventura market.

Property Details

  • Sale Type    Investment or Owner User
  • Sale Condition    1031 Exchange
  • Property Type    Retail
  • Property Subtype    Storefront Storefront General Retail Fast Food General Retail Storefront Retail/Office Showroom Storefront
  • Building Size    8,902
  • Building Class    C
  • Year Built/Renovated    1965/1990
  • Price    1,950,000
  • Price Per SF    219
  • Cap Rate    5.26
  • NOI    102,570
  • Tenancy    Single
  • Building Height    1 Story
  • Loading Docks    1 Exterior
  • Building FAR    0.99
  • Land Acres    0.21 AC

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection

Nearby Amenities & Transportation

Retail Jack In The Box
Retail Bank of America
Retail Gym
Retail Smart & Final
Retail Anytime Fitness
Retail Vons
Retail Starbucks
Retail Chase Bank
Retail Black Bear Diner
Retail 24 Hour Fitness

Property Taxes

Parcel Number 074-0-141-230 Improvements Assessment $258,304 (2023)
Land Assessment $702,114 (2023) Total Assessment $14,430 (1.62/SF)
Date Created: 2024-07-16 04:09:23 Last Updated: 2024-07-16 04:09:23
Address: 2307 E Main St , Ventura, California, 93003