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    1202 Ojai Ave Ojai, CA 93023

    Sponsored
    For Sale
    $2,995,000

    Prime 1.65-acre Ojai site, 16,000 sq ft.

    Property size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.65-acre property in Ojai, California, presents a significant redevelopment opportunity. Located at 1202 E Ojai Ave, 93023, this 16,000 square foot site is the largest available in Ojai. Previously home to Topa Lanes bowling alley, the property offers immense potential for a variety of uses, including but not limited to: club, restaurant, health/fitness center, indoor amusement/entertainment venue, museum, school, department store, pharmacy, grocery store, bank, hotel/motel, clinic, offices, storage facilities, studios, or parking. The property features a single, one-story building and ample parking for 50 vehicles. The asking price is $2,995,000, translating to $187.19 per square foot. This is a unique chance to capitalize on the vibrant Ojai market and create a landmark destination. The property's size and versatility make it ideal for a large-scale project or a mixed-use development. Invest in Ojai's future with this exceptional redevelopment opportunity. Ventura County location offers strong potential for a variety of commercial ventures.

    Property Features for 1202 Ojai Ave

    General Information

    Property type
    Restaurants
    Square Feet
    16,000 SF
    Lot Size
    71,874 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • $2,995,000 asking price for a redevelopment opportunity.
    • 16,000 square foot mixed‑use property in Ojai, CA.
    • Located on a 1.65‑acre lot with 50 parking spaces.
    • Former "Topa Lanes" bowling alley; ideal for various uses including restaurants, entertainment venues, or other commercial developments.
    • For sale by owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ojai
    County
    Ventura
    State
    California
    Longitude
    -119.23162379432
    Latitude
    34.448732793017

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    FAQs

    What type of property is this?
    Restaurant - Prime 1.65-acre Ojai site, 16,000 sq ft.
    Where is this restaurant located?
    The property is located at 1202 Ojai Ave Ojai, CA.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: $2,995,000 asking price for a redevelopment opportunity.; 16,000 square foot mixed-use property in Ojai, CA.; Located on a 1.65-acre lot with 50 parking spaces.
    Request Owner's contact information
    1202 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
    1202 Ojai Ave Ojai, CA 93023
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