205 Signal StOjai, CA 93023

Property Details for 205 Signal St

Year built

1946

Lot size

0.27 AC

Property size (Sq ft)

980 SF

Zone code

C1

Property type

Retail properties

Property subtype

Turn key restaurants

APN

021-0-111-030

APU

210111030

Description

This exceptional 0.26-acre commercial property at 205 Signal Street, Ojai, CA, presents a unique investment opportunity. Currently housing a thriving hair salon with over 40 years of established business, this mixed-use zoned building offers immense flexibility. The 1,295,000 USD asking price reflects the property's prime location in downtown Ojai, directly across from Libbey Park and a block from the Post Office and Arcade. The building boasts a light and airy interior with large windows, high ceilings, and an open floor plan, creating a versatile space ideal for various uses. Existing features include a kitchen, a separate spa room, and a spacious half-bath easily adaptable for a full shower. The well-maintained exterior showcases beautiful landscaping with mature trees, a patio with a pergola, a covered porch, and ample parking. The building's excellent design and construction lend themselves to seamless conversion into a family residence, mixed living/office space, art studio, gallery, retail space, restaurant, or day spa. The possibilities are truly endless, making this a rare find in the desirable Ojai market. Its quiet location on the edge of a residential area offers both convenience and tranquility. This property is ready for a new chapter, whether continuing as a successful salon or transformed into a unique and thriving business or residence.

• CAP approach

  CAP return

  Valuation

  6%

  $430,747

  6.5%

  $397,612

  7%

  $369,211

• Comparable approach

  Method

  Valuation

  Relative Method

  $469,619

  Geo Method

  $469,619

• Alternative Use

  Use

  Valuation

  Residential

  $335,401

  Hospitality

  $307,225

  Educational

  $255,608

  Medical

  $264,399

  Retail

  $397,612

Location Insight

City

Ojai

County

Ventura

State

California

Latitude

34.4492

Longitude

-119.246

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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