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Iconic Multi-Use Opportunity in Ojai, CA 502 W Ojai Ave 2,300 SF Retail Building Ojai, CA 93023 $2,728,522 CAD ($1,186.31 CAD/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.
PROPERTY MAY ALSO BE LEASED...MAKE AN OFFER.
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.
PROPERTY MAY ALSO BE LEASED...MAKE AN OFFER.
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
$2,728,522 CAD
Price Per SF
$1,186.31 CAD
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’ on W Ojai Ave
Amenities
- Fireplace
- Restaurant
- Signage
- Air Conditioning
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 020-0-181-080 | Improvements Assessment | $698,722 CAD |
| Land Assessment | $2,178,658 CAD | Total Assessment | $2,877,380 CAD |
Property Taxes
Parcel Number
020-0-181-080
Land Assessment
$2,178,658 CAD
Improvements Assessment
$698,722 CAD
Total Assessment
$2,877,380 CAD
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Iconic Multi-Use Opportunity in Ojai, CA | 502 W Ojai Ave
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