Iconic Multi-Use Opportunity in Ojai, CA | 502 W Ojai Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Iconic Multi-Use Opportunity in Ojai, CA 502 W Ojai Ave
2,300 SF Retail Building Ojai, CA 93023 $1,995,000 ($867/SF)
Investment Highlights
- Charming former restaurant located in a quaint culinary mecca supported by a strong tourist population and visibility to over 21,000 vehicles per day.
- 502 W Ojai Avenue extends a unique opportunity for a new owner to invest in a sought-after vacation destination with endless upside potential.
- Ojai is a smaller submarket that illustrates strong retail metrics, with a low 1.7% vacancy rate and rents averaging around $30 per square foot.
- Bolstered by a highly visible location along the town’s primary artery, with panoramic views of the picturesque Topatopa Mountains.
- Zoned in the BP Business Professional District, the property would be ideal for a restaurant, wellness center, creative space, or financial institute.
Executive Summary
MOTIVATED SELLER SAYS SELL! JUST DROPPED $400K!
ICONIC OJAI RESTAURANT THAT HAS MULTIPLE USES. GREAT LOCATION AND PARKING. NEEDS TO BE UPDATED/RENOVATED BUT READY FOR ITS CLOSEUP. PRIME OPPORTUNITY. A STEAL OF A DEAL AWAITING THE RIGHT BUYER WITH VISION.
Formerly iconic “Suzanne’s Restaurant”. Walking distance to famed Ojai Valley in and a robust downtown with newly developed El Roblar Hotel and Ojai Playhouse. AAA PRIME property and location, needing TLC but ripe for a restaurateur; wellness; creative office or retailer.
ICONIC OJAI RESTAURANT THAT HAS MULTIPLE USES. GREAT LOCATION AND PARKING. NEEDS TO BE UPDATED/RENOVATED BUT READY FOR ITS CLOSEUP. PRIME OPPORTUNITY. A STEAL OF A DEAL AWAITING THE RIGHT BUYER WITH VISION.
Formerly iconic “Suzanne’s Restaurant”. Walking distance to famed Ojai Valley in and a robust downtown with newly developed El Roblar Hotel and Ojai Playhouse. AAA PRIME property and location, needing TLC but ripe for a restaurateur; wellness; creative office or retailer.
Data Room Click Here to Access
- Offering Memorandum
- Liquor License Information
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Property Facts
Sale Type
Investment
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,300 SF
Building Class
B
Year Built
1992
Price
$1,995,000
Price Per SF
$867
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.59 AC
Zoning
BP - Business Professional District
Parking
30 Spaces (13.04 Spaces per 1,000 SF Leased)
Frontage
58 FT on W Ojai Ave
Amenities
- Fireplace
- Restaurant
- Signage
- Air Conditioning
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (73)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 020-0-181-080 | Improvements Assessment | $500,864 |
| Land Assessment | $1,561,725 | Total Assessment | $2,062,589 |
PROPERTY TAXES
Parcel Number
020-0-181-080
Land Assessment
$1,561,725
Improvements Assessment
$500,864
Total Assessment
$2,062,589
1 of 17
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Iconic Multi-Use Opportunity in Ojai, CA | 502 W Ojai Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.