502 W Ojai Ave - Restaurant FOR SALE


Ojai, CA 93023
$1,995,000 USD
310-993-6896
502 W Ojai Ave, Ojai, CA for Sale
$1,995,000 USD
Restaurant - FOR SALE
1/16
null | Request Cap Rate

502 W Ojai Ave
Ojai, CA 93023


HIGHLIGHTS

  • Charming former restaurant located in a quaint culinary mecca supported by a strong tourist population and visibility to over 21,000 vehicles per day.
  • Bolstered by a highly visible location along the town’s primary artery, with panoramic views of the picturesque Topatopa Mountains.
  • 502 W Ojai Avenue extends a unique opportunity for a new owner to invest in a sought-after vacation destination with endless upside potential.
  • Zoned in the BP Business Professional District, the property would be ideal for a restaurant, wellness center, creative space, or financial institute.
  • Ojai is a smaller submarket that illustrates strong retail metrics, with a low 1.7% vacancy rate and rents averaging around $30 per square foot.

OVERVIEW

MOTIVATED SELLER SAYS SELL! JUST DROPPED $400K! ICONIC OJAI RESTAURANT THAT HAS MULTIPLE USES. GREAT LOCATION AND PARKING. NEEDS TO BE UPDATED/RENOVATED BUT READY FOR ITS CLOSEUP. PRIME OPPORTUNITY. A STEAL OF A DEAL AWAITING THE RIGHT BUYER WITH VISION. Formerly iconic “Suzanne’s Restaurant”. Walking distance to famed Ojai Valley in and a robust downtown with newly developed El Roblar Hotel and Ojai Playhouse. AAA PRIME property and location, needing TLC but ripe for a restaurateur; wellness; creative office or retailer.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$867 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Iconic Multi-Use Opportunity in Ojai, CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

BP

APN/PARCEL ID

020-0-181-080

ASK ABOUT THIS PROPERTY

Will KnoxBerkshire Hathaway HomesServices CaliforniaMore Info
310-993-6896

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Will KnoxBerkshire Hathaway HomesServices CaliforniaMore Info
310-993-6896

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.