Downtown Retail
327 Main Street Ventura, CA 93001
327 Main Street, Ventura, CA, 93001
$3,200,000
For Sale
$3,200,000
Multi-level downtown retail building with hard wood floors, 17-foot ceilings, and a sidewalk canopy.
Property Size7,370 SF
Price / SF$434.19
Days on Market2285
Property Features for 327 Main Street
General Information
- Standard status
- Active
- Size
- 7,370 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1920
Listing agency
(805) 985-1000
Listed by
Real Investments
Source
Xome
Added: Apr 20, 2020 Updated: Jul 22 at 11:32AM Checked: Jul 22 at 11:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Investments
Investment Insights
Based on property information with market context.
This downtown core Main Street retail building is offered for sale with a multi-level interior and polished finishes. The 1st floor is approximately 4,920 SF, supported by an approx. 1,230 SF mezzanine and an approx. 1,220 SF finished basement for a combined total of approx. 7,370 SF. Interior features include hard wood floors, 17' ceilings, and an 8' sidewalk canopy.
The property is described as being within two short blocks of the Ventura Pier and provides access to the 101 freeway, with public parking noted for visitors. The listing also mentions strong pedestrian presence and good lighting on the sunny side of the street.
Financial details are available on a non-disclosure agreement.
The property is described as being within two short blocks of the Ventura Pier and provides access to the 101 freeway, with public parking noted for visitors. The listing also mentions strong pedestrian presence and good lighting on the sunny side of the street.
Financial details are available on a non-disclosure agreement.
Key Highlights
- Multi‑level downtown Ventura Main Street retail building totaling approx. 7,370 SF (1st floor approx. 4,920 SF, mezzanine approx. 1,230 SF, finished basement approx. 1,220 SF).
- 17' ceilings on the sunny side of the street, with a 8' sidewalk canopy.
- Original hardwood floors noted throughout.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $298.0k | $40.44 |
| − Vacancy | −$13.7k | −$1.85 |
| EGI | $284.4k | $38.59 |
| − OpEx | −$85.3k | −$11.58 |
| NOI | $199.1k | $27.01 |
7,370 SF · lease $40.44/SF/yr · vacancy 4.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.84M
$2.49M – $3.32M
NOI $199,075 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.45M
$3.89M – $5.19M
NOI $311,457 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Multi-level downtown retail building with hard wood floors, 17-foot ceilings, and a sidewalk canopy.
Where is this retail space located?
The property is located at 327 Main Street Ventura, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Multi‑level downtown Ventura Main Street retail building totaling approx. 7,370 SF (1st floor approx. 4,920 SF, mezzanine approx. 1,230 SF, finished basement approx. 1,220 SF).; 17' ceilings on the sunny side of the street, with a 8' sidewalk canopy.; Original hardwood floors noted throughout.
