3775 Market St Ventura, CA 93003

This exceptional 8,427-square-foot industrial building, situated on a 26,708-square-foot lot at 3775 Market Street in Ventura, California (93003), presents a compelling investment opportunity. Built in 1984, this multi-tenant property boasts a flexible M1 zoning designation, allowing for a variety of uses beyond those permitted under more restrictive zoning classifications. The building currently houses Rayne Water, a primary tenant occupying 72.7% of the space, primarily on the ground floor and utilizing the secured yard. The second floor, currently vacant, offers significant upside potential for added value through lease-up or owner-occupancy. Located at the corner of Fleet Avenue and Market Street, this property enjoys convenient access to the 101 Freeway and 126 Highway, as well as numerous nearby amenities, including restaurants, retail establishments, and financial institutions. With Ventura County's industrial vacancy rate at approximately 2.1% (per CoStar), this asset represents a rare opportunity to acquire a multi-tenant M1 industrial building in a high-demand market. The asking price is $1,950,000, translating to $231.40 per square foot. Significant tenant improvements support the current water treatment use. Prospective buyers are advised to conduct their own due diligence with the City of Ventura regarding permitted uses.