457 Ojai Ave Ojai, CA 93023
- Commercial real estate
- 5,619 SF
- 0.17 lot acres
Current Use by Public Records
- The Dutchess / Burmese Restaurant / Bakery
Property Details for 457 Ojai Ave
- Year built
- 1970
- Lot size
- 0.17 lot acres
- Property size
- 5,619 SF
- Zone code
- MULT
- Property type
- Commercial real estate
- APN
- 023-0-110-400
- APU
- 230110400
Description
This exceptional 0.17-acre commercial lot, located at 457 Ojai Avenue in the charming town of Ojai, California, presents a unique investment opportunity. Priced at $2,450,000, this property is zoned for general commercial use, offering a wide range of development possibilities for discerning entrepreneurs. The site's strategic location within Ojai provides excellent visibility and accessibility, making it ideal for a variety of businesses. The 0.17-acre parcel offers ample space for construction, allowing for the creation of a substantial building to suit specific business needs. Ojai's thriving economy and its reputation as a desirable destination for both residents and tourists create a strong foundation for a successful commercial venture. The property's potential is further enhanced by its proximity to local amenities, including shops, restaurants, and other businesses, ensuring high foot traffic and customer accessibility. This is a rare opportunity to acquire a prime commercial lot in a highly sought-after location, offering significant potential for long-term growth and profitability. The property is ready for development, presenting a blank canvas for a visionary entrepreneur to create a thriving business in the heart of Ojai. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is sold as-is.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,020,000
- 6.5%
- $1,890,000
- 7%
- $1,825,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,930,000
- Geo Method
- $1,860,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,670,000
- Retail
- $1,820,000
- Mixed-Use
- $1,875,000
- Hospitality
- $2,100,000
- Educational
- $1,590,000
- Residential Income
- $1,615,000
- Energy
- $1,710,000
- Income-Based Land
- $2,120,000
- Food Service
- $2,115,000
Location Insight
- Map
- Local Demand
- City
- Ojai
- County
- Ventura
- State
- California
- Longitude
- -119.242
- Latitude
- 34.4477
- CBSA code
- 37100
- CBSA name
- OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA
