247 March StSanta Paula, CA 93060

Property Details for 247 March St

Year built

1967

Lot size

0.65 AC

Property size (Sq ft)

5,984 SF

Zone code

CO

Property type

Medical offices

Property subtype

Medical centers

APN

105-0-064-105

APU

1050064105

Description

This exceptional 6,000 square foot medical office building, located in the heart of Santa Paula, offers multiple suites for lease. Built in 1960 and extensively renovated in 2023, the Class C property boasts three total suites, with 2,000 square feet currently vacant. Spaces are divisible to a minimum of 1,000 square feet, with a maximum contiguous space of 6,000 square feet available. The building enjoys a convenient location near premier medical providers such as Dignity Health and DaVita Dialysis, ensuring high visibility and accessibility for medical professionals. Ample parking is available for patients and staff. The landlord is committed to assisting tenants with build-out and updates to customize their space. The property's Assesor's Parcel Number (APN) is 105-0-064-105, and its cross street is Dean. This presents a unique opportunity for medical practices seeking a well-maintained, conveniently located, and adaptable space in a thriving community. The building's strategic location and recent renovations make it an ideal choice for a variety of medical uses. Inquire today to learn more about leasing options and customize your perfect medical office space.

• CAP approach

  CAP return

  Valuation

  6%

  $2,035,040

  6.5%

  $1,878,500

  7%

  $1,744,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,137,920

  Geo Method

  $1,137,920

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,673,550

  Retail / Commercial

  $1,888,630

  Mixed-Use / Specialty

  $1,885,720

  Hospitality / Lodging

  $1,388,470

  Institutional / Educational

  $1,961,750

  Residential Income

  $2,295,250

  Multifamily

  $2,731,610

  Automotive / Energy

  $1,681,500

  Parking / Income-Based Land

  $576,489

  Restaurant / Food Service

  $988,934

  Healthcare / Senior Housing

  $1,929,850

Location Insight

City

Santa Paula

County

Ventura

State

California

Latitude

34.3493

Longitude

-119.079

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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