684-698 N Ventura Blvd - Storefront Retail/Office FOR SALE


Ventura, CA 93001
$1,489,000 USD
805-452-2880
684-698 N Ventura Blvd, Ventura, CA for Sale
$1,489,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | Request Cap Rate

684-698 N Ventura Blvd
Ventura, CA 93001


HIGHLIGHTS

  • 100% Leased
  • Long-standing Tenants
  • Under-market Lease Rates

OVERVIEW

This unique offering presents a 4-unit, free-standing retail building located in the heart of Ventura. Originally constructed in 1925, the property is zoned C2, providing a range of commercial uses. Situated in a prime location, this building boasts long-term tenants, creating a rare investment opportunity with consistent cash flow. With 100% occupancy, the property has a solid history of tenant retention and lease stability, offering immediate income for potential investors. However, with current rents below market value, there is significant upside potential for investors to capitalize on rent adjustments, aligning the property with current market trends. This property presents an exciting opportunity for investors seeking long-term value appreciation, steady cash flow, and the potential to enhance returns by optimizing rent structures. The location of this property is key and positioned in a growing market, making it an ideal investment for sustained income and value appreciation.

FOR SALE DETAILS

PRICE

$1,489,000 USD

PRICE/SF

$394 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,791 SF

ZONING

C-2

APN/PARCEL ID

071-0-071-010

ASK ABOUT THIS PROPERTY

Deborah KingDeborah KingMore Info
805-452-2880

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Deborah KingDeborah KingMore Info
805-452-2880

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