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    457 Ojai Ave Ojai, CA 93023

    For Sale
    $2,450,000

    Ojai Avenue commercial lot, high potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 0.17-acre commercial lot, located at 457 Ojai Avenue in the charming town of Ojai, California, presents a unique investment opportunity. Priced at $2,450,000, this property is zoned for general commercial use, offering a wide range of development possibilities for discerning entrepreneurs. The site's strategic location within Ojai provides excellent visibility and accessibility, making it ideal for a variety of businesses. The 0.17-acre parcel offers ample space for construction, allowing for the creation of a substantial building to suit specific business needs. Ojai's thriving economy and its reputation as a desirable destination for both residents and tourists create a strong foundation for a successful commercial venture. The property's potential is further enhanced by its proximity to local amenities, including shops, restaurants, and other businesses, ensuring high foot traffic and customer accessibility. This is a rare opportunity to acquire a prime commercial lot in a highly sought-after location, offering significant potential for long-term growth and profitability. The property is ready for development, presenting a blank canvas for a visionary entrepreneur to create a thriving business in the heart of Ojai. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is sold as-is.

    Property Features for 457 Ojai Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1926
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Dutchess Burmese Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ojai
    County
    Ventura
    State
    California
    Longitude
    -119.242
    Latitude
    34.44774

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    FAQs

    What type of property is this?
    Commercial real estate - Ojai Avenue commercial lot, high potential.
    Where is this commercial real estate located?
    The property is located at 457 Ojai Ave Ojai, CA.
    What is the asking price?
    The asking price for this property is $2,450,000.
    (805) 646-7288
    Request Owner's contact information
    457 Ojai Ave Ojai, CA 93023
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    Ojai, CA 93023
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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
    457 Ojai Ave Ojai, CA 93023
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