789 Victoria AveVentura, CA 93003

Property Details for 789 Victoria Ave

Year built

1980

Lot size

1.85 AC

Property size (Sq ft)

30,938 SF

Zone code

PO

Property type

Office properties

Property subtype

Office buildings

APN

083-0-211-020

APU

830211020

Description

This three-story office building, located at 789 S. Victoria Avenue in Ventura, offers exceptional visibility and accessibility. The property features a total of two suites, with one space currently available, ranging from 3,223 to 7,311 contiguous square feet. The building's strategic location along Victoria Avenue, a heavily trafficked corridor with approximately 42,000 average daily traffic (ADT), ensures high visibility and convenient access for clients and employees. Its proximity to the Ventura County Government Center further enhances its appeal. The ground floor offers retail/office space, providing flexibility for various business needs. The building benefits from its location within a thriving business community, surrounded by numerous office and retail tenants, with over 1,000 businesses within a one-mile radius. Ample free parking is available at a generous ratio of 4 spaces per 1,000 square feet, ensuring convenient parking for tenants and visitors. This property presents a unique opportunity for businesses seeking a prominent location in Ventura's vibrant commercial district. The building is classified as a Traditional Office building and is suitable for multiple tenants. The property is in Ventura County.

• CAP approach

  CAP return

  Valuation

  6%

  $9,277,623

  6.5%

  $8,563,960

  7%

  $7,952,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,883,170

  Geo Method

  $5,883,170

• Alternative Use

  Use

  Valuation

  Residential

  $10,619,310

  Hospitality

  $9,727,231

  Educational

  $8,092,942

  Medical

  $8,371,270

  Retail

  $12,589,021

Location Insight

City

Ventura

County

Ventura

State

California

Latitude

34.2685

Longitude

-119.214

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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