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    Property profile & analytics
    OFF-MARKET Estimated value $4,565,000
    Strip malls

    419 Main St, Ventura, CA 93001-5650

    17,406 SF 0.32 ac lot Built 1920
    Individually Owned ~ Est. High Equity
    Property ID
    US10-1458412
    Property summary
    AI-generated overview

    This exceptional 5,449-square-foot restaurant space is ideally situated at 419 E Main St, Suites B and C, in the vibrant heart of downtown Ventura, California (zip code 93001). Located within "The Courtyard," a multi-tenant building also housing Rice By Mama and GiddyUp, this second-generation space boasts a fully equipped commercial kitchen, including a walk-in keg cooler. Benefit from a southern exposure in one of downtown Ventura's best blocks, within a historically significant building that has undergone extensive earthquake retrofitting and fire suppression system upgrades. The property offers significant lease concessions for the remainder of 2024, including a four-month rent abatement upon lease commencement. Year one features a base rent of $13,000 per month with CAM abated at $3,000. Year two sees a base rent of $13,000 per month and a 50% CAM abatement ($1,500). Year three's rent is $16,000 per month. Years four and five (including option years) will see annual base rent increases of no less than 3-5%, based on the CPI, with actual CAM charges. The space is approximately 5,449 square feet, with a base rent of $2.39 per square foot per month and a CAM of $0.55 per square foot per month. This is a single-tenant space in a Ventura County building. This presents a unique opportunity for a restaurant operator seeking a well-equipped, established location in a thriving downtown area.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1920
    Total area 17,406 SF
    Lot 0.32 ac (13,939 SF)
    Zoning code DC
    APN 073-0-034-120
    UPID US10-1458412
    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
    by Request
    CAP Approach CAP
    $3.45M
    Comparable Approach Comparable
    $5.62M
    Blend (final) Blend
    $4.57M
    Owner & transaction history
    The Welcome Room
    The Welcome Room
    since 2026
    Last sale
    $4.6M
    7 recorded transactions
    2026
    $4.6M
    2021
    2018
    2011
    2006
    2004
    2004
    Zoning & alternative use
    DC · Ventura, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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