143 5Th StOxnard, CA 93030

Property Details for 143 5Th St

Year built

1927

Property size (Sq ft)

9,515 SF

Property type

Healthcare properties

Property subtype

Other retail properties

Description

This exceptional 9,515 square foot commercial property, located at 143 W 5th St in Oxnard, CA 93030, presents a unique investment opportunity. Built in 1927 and renovated in 2013, this building boasts stunning Beaux Arts Classical architecture, designed by the renowned Los Angeles firm Morgan, Walls, and Clements. The property is zoned Downtown Core Oxnard (DT-C) and features a multi-tenant configuration suitable for executive or medical office uses. The asking price is $2,595,000, translating to $300 per square foot. Currently operating under a NNN lease with a remaining term of approximately 0.8 years (expiring 05/31/2024), this property offers significant upside potential. Interior features include multiple executive offices, private offices, two conference rooms, and two break rooms with kitchens. Three industrial-sized bank vaults add to the building's unique character. The property's prime location in the heart of downtown Oxnard provides abundant free parking nearby. The building is divisible, allowing for flexible configurations to suit various tenant needs (upstairs/downstairs, retail/office). Given its historical significance, architectural beauty, and prime location, this property represents a below-replacement-cost investment opportunity in a thriving downtown area. The building is potentially eligible for listing on the NRHP and CRHR under Criterion A (History), Criterion B (Individual), and Criterion C (Architecture).

Location Insight

City

Oxnard

County

Ventura

State

California

Latitude

34.198

Longitude

-119.178

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