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Iconic Ojai Restaurant Opportunity
For Sale
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502 W Ojai Ave, Ojai, CA 93023

Ojai restaurant with multiple uses, great location, and parking.

Property SizeContact for details
Days on Market890

Property Features for 502 W Ojai Ave

General Information

Standard status Active
Total Parking Spaces 30
Property subtype Retail
Zoning Business/Professional--BP
Investment Type Redevelopment
Listing Agency: Berkshire Hathaway Homeservices California Properties
Listed By: Will Knox · License #00551940
Source: Crexi
Added: Apr 1, 2024 Changed: Aug 22 Last Checked: Sep 6 at 11:25PM

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 Berkshire Hathaway Homeservices California Properties

Investment Insights

Based on property information with market context.

This iconic Ojai restaurant, situated in a great location with ample parking, presents a prime opportunity for a buyer with vision. While the property requires updating and renovation, it is ready for its next chapter. The restaurant has multiple potential uses.

Key Highlights

  • Price Reduced by $400,000
  • Iconic Ojai Restaurant Location
  • Great Location

Property Analytics

Current Use

The Oaks 202 E ... Hotel & Motel

Suggested Use

Top Pick Bakery Auto Parts Store (Bike/Boat/Book/etc) Store Catering Service Home Appliance Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,075
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 66% Shops & Services 34%
Westridge Midtown Market Iga Groceries
15,654 visits/mo 0.3 miles
Wells Fargo Shops & Services
5,898 visits/mo 0.4 miles
Bank of America Shops & Services
3,717 visits/mo 0.2 miles
Certified Farmers' Market Groceries
3,200 visits/mo 0.5 miles

Demographics for 93023, CA

20,937
Population
9,310
Households
2.2
Avg Household Size
50
Median Age
41%
College-Educated
90%
High-School Grad
266.9 sq mi
ZIP Area
78
Density / Sq Mi
$82,298
Median Household Income
$42,389
Median Earnings
$1,831
Median Rent
$888,700
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Ojai restaurant with multiple uses, great location, and parking.
Where is this conventional restaurant located?
The property is located at 502 W Ojai Ave Ojai, CA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Price Reduced by $400,000; Iconic Ojai Restaurant Location; Great Location
More about this property
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