640 Mountain View AveOxnard, CA 93030

Property Details for 640 Mountain View Ave

Year built

1964

Lot size

0.53 AC

Property size (Sq ft)

7,560 SF

Zone code

M2

Property type

Industrial properties

Property subtype

Other industrial properties

APN

201-0-191-055

APU

2010191055

Description

This exceptional 7,560-square-foot auto shop, situated on a 0.54-acre lot in central Oxnard, California (93030), presents a compelling investment opportunity. Built in 1962, the property boasts seven drive-in auto bays, a spray booth, and ample parking for 25 vehicles. The property is currently 100% occupied under an absolute NNN lease with zero years remaining, offering immediate income potential for investors or the flexibility for owner-users. The asking price is $2,365,000, translating to $312 per square foot and $101 per square foot for the land. The property's pro-forma cap rate is 5.75%. Its strategic location on Mountain View Avenue places it near other automotive businesses, providing excellent synergy and visibility. Convenient access to Highways 1, 34, and the 101 Freeways enhances its appeal. This property is ideal for an owner-user seeking to establish or expand their automotive business or for an investor looking for a strong return in a high-demand market. The substantial lot size offers potential for future expansion or redevelopment.

Location Insight

City

Oxnard

County

Ventura

State

California

Latitude

34.1954

Longitude

-119.171

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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