Two-Unit Storefront Retail
2031 2035 E Thompson Blvd Ventura, CA 93001
2031 2035 E Thompson Blvd, Ventura, CA, 93001
$1,500,000
For Sale
$1,500,000
Two long-established storefronts plus yard and a rear addition, with boulevard frontage and alley access.
Property Size4,100 SF
Price / SF$365.85
Days on Market49
Property Features for 2031 2035 E Thompson Blvd
General Information
- Standard status
- Active
- Size
- 4,100 SF
- Property subtype
- Commercial
Listing agency
(805) 642-4155
Listed by
Tracy Short · License #DRE #00865240
(805) 642-4155
Source
Elliman
Added: Jun 3 Updated: Jul 10 at 1:49PM Checked: Jun 25 at 5:44PM
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 Tracy Short
Investment Insights
Based on property information with market context.
This two-unit storefront commercial building includes two established street-facing retail spaces. The original brick structure is approximately 50 feet by 60 feet, totaling about 3,000 square feet, and it also includes a rear addition of approximately 25 feet by 44 feet (about 1,100 square feet). Construction is described as concrete block, built circa 1960. Unit 2031 Thompson is approximately 1,500 square feet and includes a fenced chain-link yard for storage and parking. Unit 2035 Thompson is approximately 1,500 square feet and includes an added addition of about 1,100 square feet.
The property fronts Thompson Boulevard along the north side of the corridor, positioned in the Midtown Corridor. Thompson Boulevard is described as a major east-west traffic artery running from downtown toward the Five Points intersection of Main Street. Vehicular ingress and egress are from a rear alley, with the building described as having good overall access and traffic exposure.
The offering is suited for tenants or owners looking to operate or acquire a multi-unit retail asset with established storefront presence. The combination of frontage-oriented space, two separate units, fenced yard area, and rear alley access supports a range of local retail and service concepts that benefit from visibility and practical back-of-house staging.
The property fronts Thompson Boulevard along the north side of the corridor, positioned in the Midtown Corridor. Thompson Boulevard is described as a major east-west traffic artery running from downtown toward the Five Points intersection of Main Street. Vehicular ingress and egress are from a rear alley, with the building described as having good overall access and traffic exposure.
The offering is suited for tenants or owners looking to operate or acquire a multi-unit retail asset with established storefront presence. The combination of frontage-oriented space, two separate units, fenced yard area, and rear alley access supports a range of local retail and service concepts that benefit from visibility and practical back-of-house staging.
Key Highlights
- Two‑unit storefront commercial building with boulevard frontage and north‑side Thompson Boulevard location in San Buenaventura
- 2031 Thompson: 1,500 SF storefront plus a fenced chain‑link yard for storage and parking
- 2035 Thompson: 1,500 SF storefront with an added 1,100 SF addition
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 | $165.8k | $40.44 |
| − Vacancy | −$7.6k | −$1.85 |
| EGI | $158.2k | $38.59 |
| − OpEx | −$47.5k | −$11.58 |
| NOI | $110.7k | $27.01 |
4,100 SF · lease $40.44/SF/yr · vacancy 4.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.85M
NOI $110,747 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,266 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Two long-established storefronts plus yard and a rear addition, with boulevard frontage and alley access.
Where is this storefront property located?
The property is located at 2031 2035 E Thompson Blvd Ventura, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two‑unit storefront commercial building with boulevard frontage and north‑side Thompson Boulevard location in San Buenaventura; 2031 Thompson: 1,500 SF storefront plus a fenced chain‑link yard for storage and parking; 2035 Thompson: 1,500 SF storefront with an added 1,100 SF addition
