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$ 1,489,000
Est. payment | /mo
3,780 SqFt
$ 1,489,000
Est. payment | /mo
3,780 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,780 sqft
Price per Sqft $393
MLS Listing ID 24-3090
Year Built 1925
Lot Size 4,791 Sqft
Acres 0.12
Lot Dimensions 4791.0
Property Sub-Type Commercial
Source Santa Barbara Multiple Listing Service
Property Description
This unique offering presents a 4-unit, free-standing retail building located in the heart of Ventura. Originally constructed in 1925, the property is zoned C2, providing a range of commercial uses. Situated in a prime location, this building boasts long-term tenants, creating a rare investment opportunity with consistent cash flow. With 100% occupancy, the property has a solid history of tenant retention and lease stability, offering immediate income for potential investors. However, with current rents below market value, there is significant upside potential for investors to capitalize on rent adjustments, aligning the property with current market trends. This property presents an exciting opportunity for investors seeking long-term value appreciation and steady cash-flow.
Location
State CA
County Ventura
Direction Head north on S Oak St toward E Main Stm Turn left onto Poli St, Continue onto Cedar St, Turn left onto E Prospect St, Turn right onto N Ventura Ave
Exterior
Parking Features Other
Others
Tax ID 071-0-071-010
Listed by Western Hotel Brokers, Inc.
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