108 Montgomery St Ojai, CA 93023
- Office buildings
- 3,546 SF
- 0.55 lot acres
Current Use by Public Records
- Ojai Cafe Emporium / Grocery Store
- California Healthier Living / Home Health Care Service
- Little House Senior Center / County Government Office
- Help of Ojai Community Assistance Program / Non-Profit Organization
- Help of Ojai / Non-Profit Organization
Property Details for 108 Montgomery St
- Year built
- 1975
- Lot size
- 0.55 lot acres
- Property size
- 3,546 SF
- Zone code
- CR
- Property type
- Office buildings
- APN
- 023-0-110-450
- APU
- 230110450
Description
This exceptional commercial property at 108 Montgomery Street in the heart of Ojai, California, presents a unique opportunity to acquire a thriving and well-established business. The 0.55-acre lot houses "Ojai Cafe' Emporium," a turnkey restaurant and bakery operation boasting a rich 34-year history in the community. The cafe enjoys a prime location, just steps away from Ojai's vibrant events and attractions, ensuring consistent foot traffic and high visibility. The business has cultivated a loyal following by providing a warm and welcoming atmosphere, serving high-quality, freshly prepared, and healthy breakfast and lunch options. A key differentiator is the adjoining bakery, which produces fresh pastries daily, adding another revenue stream and enhancing the overall customer experience. This is a rare chance to own a fully operational, profitable restaurant and bakery with a proven track record in a highly desirable location. The sale includes the established business, its equipment, and the commercial property itself, making this a complete and attractive investment opportunity. The property is ready for immediate operation, allowing for a seamless transition for the new owner. This is an ideal opportunity for an experienced restaurateur or a savvy investor seeking a turn-key operation in a thriving California town. The asking price is $2,099,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,410,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,165,000
- 6.5%
- $2,150,000
- 7%
- $2,115,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,290,000
- Geo Method
- $1,955,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,185,000
- Retail
- $2,350,000
- Mixed-Use
- $2,065,000
- Hospitality
- $1,915,000
- Educational
- $2,300,000
- Residential Income
- $2,160,000
- Energy
- $2,155,000
- Income-Based Land
- $2,160,000
- Food Service
- $1,890,000
Location Insight
- Map
- Local Demand
- City
- Ojai
- County
- Ventura
- State
- California
- Longitude
- -119.243
- Latitude
- 34.4472
- CBSA code
- 37100
- CBSA name
- OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA
