Proforma Cap Rate 8% 2307 E Main St 5,106 SF Retail Building Ventura, CA 93003 $1,549,000 ($303.37/SF) 8.31% Cap Rate

This 5,106 SF free-standing building, prime location in the heart of Ventura presents an exceptional opportunity for retail investors. Located at the intersection of Main Street and Seaward Avenue. Built-in 1965 and zoned C1, the property offers a great retail/ corporate location. Completely gutted and ready to build out. This amazing corner lot with parking in front and back and parking all day on Seaward next to the property and Main Street with some limitations on hours. Street parking combined with front property parking and rear parking, a great amount of street parking makes this an incredible new project on one of the busiest Intersections in Ventura.
Makes this an amazing Investment opportunity. High-traffic location throughout Main and Seaward. Huge upside potential within Ventura. This one-story building has higher height restrictions and check with the city on adding a second story based on height restrictions you have the possibility of adding a floor.
Check with the city for verification.
Main and Seaward offers Investors one of the best and last seaside communities at such low prices. Construction is all around the property. Within 30 minutes you can be in Montecito, Santa Barbara, Westlake Village, and Camarillo. The property enjoys the great walkability of downtown Ventura, with a variety of restaurants and entertainment. Ventura offers plenty of entertainment for all ages.
The return or cap rate is based upon proforma of 100% occupancy at a Moderate rate of $3.00 a square foot.
Ventura is home to some amazing Architecture. The amazing City offers a great cultural experience offering museums and cultural centers, Ventura offers many Art galleries on Main Street. This prime location offers an array of amenities and attractions ideal for professionals and investors. Proximity to popular destinations such as Ventura Harbor, Ventura Botanical Gardens, and Ventura Pier, the area provides an inviting atmosphere for both visitors and businesses alike. The nearby business community is thriving, with a variety of restaurants, cafes, and retail options, making it an attractive choice for office and office building investors seeking to capitalize on the dynamic Ventura market.