996 Ojai Ave Ojai, CA 93023
- Auto shops
- 3,375 SF
- 0.44 lot acres
Current Use by Public Records
- Ojai Valley Imports / Brake Shop / Car Repair And Maintenance Service
Property Details for 996 Ojai Ave
- Year built
- 1957
- Lot size
- 0.44 lot acres
- Property size
- 3,375 SF
- Zone code
- C1
- Property type
- Auto shops
- APN
- 022-0-161-415
- APU
- 220161415
Description
This exceptional commercial property presents a unique investment opportunity in the heart of Ojai, California. Located at 996 Ojai Avenue, this 0.45-acre corner lot boasts unparalleled visibility, situated directly on Ojai Avenue, the city's main thoroughfare. The property offers a substantial 19,500 square foot lot with a 3,375 square foot building, currently operating as an auto repair shop. Its prime location offers excellent exposure, directly across from the entrance to the prestigious Soule Park Golf Course, ensuring high traffic and significant brand visibility. The C1 zoning designation allows for a wide range of potential uses, making this property exceptionally versatile and adaptable to various business ventures. The existing building provides a solid foundation for immediate occupancy or redevelopment, offering flexibility for entrepreneurs and investors alike. This is a rare chance to acquire a highly visible and strategically located commercial property in the desirable and thriving town of Ojai. The property's size and location make it ideal for a variety of businesses seeking high foot traffic and excellent brand exposure in a vibrant community. Its proximity to downtown Ojai further enhances its appeal, offering easy access to local amenities and a strong customer base. Don't miss this opportunity to secure a prime commercial asset in one of California's most sought-after locations. The asking price is $1,350,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,135,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $865,000
- 6.5%
- $835,000
- 7%
- $935,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $880,000
- Geo Method
- $1,040,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,005,000
- Retail
- $755,000
- Mixed-Use
- $840,000
- Hospitality
- $960,000
- Educational
- $810,000
- Residential Income
- $885,000
- Energy
- $920,000
- Income-Based Land
- $905,000
- Food Service
- $875,000
Location Insight
- Map
- Local Demand
- City
- Ojai
- County
- Ventura
- State
- California
- Longitude
- -119.235
- Latitude
- 34.4488
- CBSA code
- 37100
- CBSA name
- OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA
