558 Santa Clara StFillmore, CA 93015

Property Details for 558 Santa Clara St

Year built

1936

Lot size

0.49 AC

Property size (Sq ft)

4,072 SF

Zone code

C3

Property type

Retail properties

Property subtype

Auto shops

APN

053-0-093-110

APU

530093110

Description

This exceptional mixed-use property at 558 Santa Clara Street, Fillmore, CA, presents a compelling investment opportunity. The 4,072 square foot building boasts a versatile layout, combining a spacious shop area with an attached storefront, ideally suited for a variety of commercial ventures. Located just two blocks from Central Avenue in the heart of Downtown Fillmore, this property benefits from high visibility and convenient access to local amenities. The building features several large doors, providing ample vehicle access to the shop area, while the storefront offers excellent retail potential. A long-term tenant currently occupies the space on a month-to-month lease, allowing for flexibility in future occupancy. The substantial 21,390 square foot lot (nearly half an acre) offers significant expansion possibilities or ample outdoor space for various uses. The commercially zoned land provides considerable versatility for future development or adaptation. The property's large yard area further enhances its functionality and potential. While some upgrades may enhance the property's value, its prime location and substantial size make it an attractive investment prospect in the thriving Fillmore market. The existing tenant will require a reasonable notice period for relocation. This property is priced at $775,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,795,055

  6.5%

  $1,656,974

  7%

  $1,538,619

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,951,315

  Geo Method

  $1,951,315

• Alternative Use

  Use

  Valuation

  Residential

  $1,397,720

  Hospitality

  $1,280,304

  Educational

  $1,065,198

  Medical

  $1,101,831

  Retail

  $1,656,974

Location Insight

City

Fillmore

County

Ventura

State

California

Latitude

34.3977

Longitude

-118.915

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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