606 Sespe AveFillmore, CA 93015

Property Details for 606 Sespe Ave

Year built

1983

Lot size

0.41 AC

Property size (Sq ft)

6,030 SF

Zone code

C3

Property type

Office buildings

APN

053-0-060-615

APU

530060615

Description

This exceptional commercial property in Fillmore, California, presents a unique investment opportunity. The two-story, 6,030 square foot freestanding office building sits on a spacious 17,859 square foot lot (per assessor's records), offering ample space and potential. The building comprises nine individual units, five located on the ground floor and four on the upper level, providing flexibility for various business needs. A beautifully landscaped frontage and inviting walkway lead to a sun-drenched lobby featuring high ceilings, calming colors, and tile flooring, creating a professional and welcoming atmosphere. A substantial parking lot ensures convenient access for tenants, clients, and vendors. The property benefits from a highly desirable location, just one block from Fillmore's town center, providing excellent visibility and exposure to significant foot traffic. Its proximity to the Fillmore Historical Museum, local shops, restaurants, parks, and Fillmore City Hall offers tenants and their clients easy access to a variety of amenities and services. This is an ideal opportunity to acquire a well-maintained, strategically positioned commercial building in a thriving community. The asking price is $1,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,808,110

  6.5%

  $1,669,024

  7%

  $1,549,808

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,146,665

  Geo Method

  $1,146,665

• Alternative Use

  Use

  Valuation

  Residential

  $2,069,590

  Hospitality

  $1,895,734

  Educational

  $1,577,228

  Medical

  $1,631,471

  Retail

  $2,453,466

Location Insight

City

Fillmore

County

Ventura

State

California

Latitude

34.3999

Longitude

-118.916

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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