For Sale
$6,500,000

419 Main StVentura, CA 93001

Downtown Ventura Restaurant & Office Complex

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional multi-tenant commercial building, known as "The Courtyard," presents a compelling investment opportunity in Ventura, California's vibrant downtown core. Located at 419 E. Main Street and 20 N. Oak Street, this property boasts approximately 17,406 square feet on a 14,200 square foot lot. The building enjoys a prime location on one of the best blocks in downtown, benefiting from excellent southern exposure. The Courtyard is one of the few original buildings in the area, and has undergone extensive earthquake retrofitting and fire suppression system improvements, ensuring both safety and longevity. Currently, the building houses three tenants: a marketing firm with a modern office space, and two fully built-out restaurants (GiddyUp, Rice By Mama, and The Six Chow House). The asking price is $6,500,000, translating to approximately $374 per square foot. The property's estimated capitalization rate is 6.08%. Prospective buyers are responsible for conducting their own financial due diligence. This is a rare chance to acquire a well-maintained, historically significant property in a thriving downtown location with strong existing tenants. The property offers significant potential for future growth and income generation.

Highlights

  • Exceptional multi-tenant commercial building, "The Courtyard," offering 17,406 square feet on a 14,200 square foot lot in Ventura, CA's downtown core.
  • Prime downtown location at 419 E. Main Street and 20 N. Oak Street with excellent southern exposure.
  • Earthquake retrofitted and with upgraded fire suppression systems.
  • Three tenants in place: a marketing firm and two restaurants (GiddyUp, Rice By Mama, and The Six Chow House).
  • Asking price: $6,500,000 ($374/SF), with a 6.08% capitalization rate.

Property Details for 419 Main St

Property type
Retail properties, Restaurants

Location Insight

City
Ventura
County
Ventura
State
California
Latitude
34.281118
Longitude
-119.2944037
419 Main St, Ventura, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
419 Main St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message