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    970 Petit Ave Ventura, CA 93004

    For Sale
    $1,999,000

    Prime Medical Office, 8100 sq ft, 1 Acre Lot

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 8100-square-foot medical office building is situated on a full acre lot in Ventura, California, and is offered for sale at $1,999,000. The single-story building boasts a striking roof design and features two large entryways for convenient access. Ample parking is available across the entire one-acre lot, catering to the needs of patients and staff. The interior is fully equipped for immediate medical use, including plumbing, multiple exam rooms, and other necessary medical facilities. Six private bathrooms are strategically located throughout the building, supplemented by a public restroom. An inviting atrium garden provides a pleasant outdoor space for tenants, and a sizable backyard adds to the property's appeal. Several suites include convenient sliding doors, enhancing accessibility. The building benefits from a 100-foot frontage on Petit Avenue. Its convenient location offers easy access to major roads and freeways, ensuring accessibility for patients and staff from Ventura and neighboring cities such as Oxnard, Camarillo, and Thousand Oaks. Proximity to popular grocery stores (Grocery Outlet, Smart & Final, Target, and Trader Joe's) and diverse restaurant options further enhances its desirability. Ventura's growing population and strong demand for healthcare services make this a truly unique investment opportunity for both owner-users and investors seeking a high-return property in a thriving market.

    Property Features for 970 Petit Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    43,996 SF

    Building Details

    Year Built
    1977
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Grocery Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ventura
    County
    Ventura
    State
    California
    Longitude
    -119.1715
    Latitude
    34.27331

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Medical Office, 8100 sq ft, 1 Acre Lot
    Where is this commercial real estate located?
    The property is located at 970 Petit Ave Ventura, CA.
    What is the asking price?
    The asking price for this property is $1,999,000.
    (818) 346-7362
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    970 Petit Ave Ventura, CA 93004
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    Ventura, CA 93004
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    970 Petit Ave Ventura, CA 93004
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