Property summary
This exceptional redevelopment opportunity presents a vacant, iconic restaurant property situated on a half-acre lot in the heart of Ojai, California. Located at 502 W Ojai Ave, 93023, this property boasts a substantial footprint ranging from 2,300 to 3,800 square feet, offering significant potential for a variety of uses. The property is zoned Business/Professional (BP), providing flexibility for adaptive reuse. Ample parking is available with 30 spaces on-site, a significant advantage in this desirable location. The asking price is $1,995,000, reflecting a recent price reduction of $400,000, presenting a compelling investment opportunity for a buyer with vision. The property is currently vacant, allowing for immediate customization and renovation to suit the new owner's specific needs and concept. This prime location in Ventura County offers high visibility and accessibility, making it an ideal site for a thriving restaurant or other commercial venture. The seller is highly motivated, making this a truly exceptional opportunity to acquire a significant property in the vibrant Ojai market. Don't miss this chance to own a piece of Ojai's rich history and create a successful future.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
BP · Ojai, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BP in Ojai, CA.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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