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Property profile & analytics
OFF-MARKET Estimated value $2,045,000
Investment properties

281 Main St Ventura, CA 93001-2553

2,419 SF 0.13 ac lot Built 1947
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US10-1496443
Property summary
AI-generated overview

This exceptional 3,667 square foot mixed-use property at 281 Main Street, Ventura, CA, presents a lucrative investment opportunity. Located in the heart of beautiful Downtown Ventura, this established venue boasts a rich history as a successful cocktail lounge, breakfast and coffee house, and several thriving nightclubs. Currently configured as a premium event space, it's perfectly suited for weddings, corporate events, live music performances, and upscale social gatherings. The property includes beautifully landscaped gardens complete with a gazebo, ideal for ceremonies and cocktail hours. Significant upgrades have been made throughout the venue, ensuring a high level of elegance and functionality. A valuable liquor license is included in the sale. Adding to the investment appeal are two completely remodeled rental units generating consistent income. Ample parking is available, including a dedicated parking lot and two two-car garages. This turnkey operation is ready for a new owner to capitalize on its established reputation and prime location. The asking price is $2,799,000. This is a rare chance to acquire a thriving business with significant income potential in a highly desirable Ventura location. Don't miss this opportunity to own a piece of Ventura's vibrant downtown scene.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1947
Total area 2,419 SF
Lot 0.13 ac (5,662 SF)
Zoning code MXD
APN 071-0-173-030
UPID US10-1496443
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.20M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.30M
Blend (final) Blend
$2.05M
Owner & transaction history
Prime Steakhouse INC · 3 yrs held
Prime Steakhouse INC
since 2023
Last sale
$2.0M
7 recorded transactions
2023
Price N/A
2022
$2.0M
2022
Price N/A
2019
Price N/A
2011
Price N/A
2009
Price N/A
2009
$175,000
Zoning & alternative use
MXD · Ventura, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $2.6M +200.4%
Retail stores $2.4M +177.2%
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