715 Ojai Ave Ojai, CA 93023-2824
- Turn key restaurants
- 1,996 SF
- 0.22 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 715 Ojai Ave
- Year built
- 1930
- Lot size
- 0.22 lot acres
- Property size
- 1,996 SF
- Zone code
- C1
- Property type
- Turn key restaurants
- APN
- 023-0-150-060
- APU
- 230150060
Description
This exceptional freestanding restaurant in Ojai, California, presents a unique investment opportunity. Located at 715 E Ojai Ave, 93023, this single-tenant property boasts a total of 1,920 square feet, including a 670 square foot patio area. Built in 1930, the building sits on a 0.22-acre lot and offers ample parking with 9 spaces. The property's prime location on a main avenue ensures high visibility and significant foot traffic, making it ideal for a thriving restaurant business. The building is fully equipped for immediate operation, offering a turnkey solution for prospective buyers. An added benefit is the inclusion of an ABC Type 47 license, available for purchase, along with active business licenses that can be purchased or transferred. This presents a rare chance to acquire an established restaurant with all necessary permits and equipment in place, minimizing start-up costs and maximizing potential returns. The single-story building offers a functional layout and the expansive patio provides additional seating and outdoor dining space. This property is ready for a new owner to step in and continue its success or to implement their own culinary vision. Don't miss this chance to own a piece of Ojai's vibrant culinary scene.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $475,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $475,000
- 7%
- $410,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $470,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $420,000
- Retail
- $460,000
- Mixed-Use
- $455,000
- Hospitality
- $415,000
- Educational
- $440,000
- Residential Income
- $440,000
- Energy
- $400,000
- Income-Based Land
- $445,000
- Food Service
- $415,000
Location Insight
- Map
- Local Demand
- City
- Ojai
- County
- Ventura
- State
- California
- Longitude
- -119.239
- Latitude
- 34.448
- CBSA code
- 37100
- CBSA name
- OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA