996 Ojai AveOjai, CA 93023

Property Details for 996 Ojai Ave

Year built

1957

Lot size

0.44 AC

Property size (Sq ft)

3,375 SF

Zone code

C1

Property type

Retail properties

Property subtype

Auto shops

APN

022-0-161-415

APU

220161415

Description

This exceptional commercial property presents a unique investment opportunity in the heart of Ojai, California. Located at 996 Ojai Avenue, this 0.45-acre corner lot boasts unparalleled visibility, situated directly on Ojai Avenue, the city's main thoroughfare. The property offers a substantial 19,500 square foot lot with a 3,375 square foot building, currently operating as an auto repair shop. Its prime location offers excellent exposure, directly across from the entrance to the prestigious Soule Park Golf Course, ensuring high traffic and significant brand visibility. The C1 zoning designation allows for a wide range of potential uses, making this property exceptionally versatile and adaptable to various business ventures. The existing building provides a solid foundation for immediate occupancy or redevelopment, offering flexibility for entrepreneurs and investors alike. This is a rare chance to acquire a highly visible and strategically located commercial property in the desirable and thriving town of Ojai. The property's size and location make it ideal for a variety of businesses seeking high foot traffic and excellent brand exposure in a vibrant community. Its proximity to downtown Ojai further enhances its appeal, offering easy access to local amenities and a strong customer base. Don't miss this opportunity to secure a prime commercial asset in one of California's most sought-after locations. The asking price is $1,350,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,483,554

  6.5%

  $1,369,434

  7%

  $1,271,618

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,617,311

  Geo Method

  $1,617,311

• Alternative Use

  Use

  Valuation

  Residential

  $1,155,169

  Hospitality

  $1,058,129

  Educational

  $880,351

  Medical

  $910,627

  Retail

  $1,369,434

Location Insight

City

Ojai

County

Ventura

State

California

Latitude

34.4488

Longitude

-119.235

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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