970 Petit AveVentura, CA 93004

Property Details for 970 Petit Ave

Year built

1977

Lot size

1.01 AC

Property size (Sq ft)

8,102 SF

Zone code

PO

Property type

Healthcare properties

Property subtype

Medical offices

APN

087-0-151-290

APU

870151290

Description

This exceptional 8100-square-foot medical office building is situated on a full acre lot in Ventura, California, and is offered for sale at $1,999,000. The single-story building boasts a striking roof design and features two large entryways for convenient access. Ample parking is available across the entire one-acre lot, catering to the needs of patients and staff. The interior is fully equipped for immediate medical use, including plumbing, multiple exam rooms, and other necessary medical facilities. Six private bathrooms are strategically located throughout the building, supplemented by a public restroom. An inviting atrium garden provides a pleasant outdoor space for tenants, and a sizable backyard adds to the property's appeal. Several suites include convenient sliding doors, enhancing accessibility. The building benefits from a 100-foot frontage on Petit Avenue. Its convenient location offers easy access to major roads and freeways, ensuring accessibility for patients and staff from Ventura and neighboring cities such as Oxnard, Camarillo, and Thousand Oaks. Proximity to popular grocery stores (Grocery Outlet, Smart & Final, Target, and Trader Joe's) and diverse restaurant options further enhances its desirability. Ventura's growing population and strong demand for healthcare services make this a truly unique investment opportunity for both owner-users and investors seeking a high-return property in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,430,718

  6.5%

  $2,243,739

  7%

  $2,083,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,540,676

  Geo Method

  $1,540,676

• Alternative Use

  Use

  Valuation

  Residential

  $2,782,237

  Hospitality

  $2,548,514

  Educational

  $2,120,334

  Medical

  $2,193,255

  Retail

  $3,298,297

Location Insight

City

Ventura

County

Ventura

State

California

Latitude

34.2732

Longitude

-119.172

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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