24 E Main St - Office FOR SALE


Ventura, CA 93001- Downtown Ventura
$3,299,900 USD
310-367-7611
24 E Main St, Ventura, CA for Sale
$3,299,900 USD
Office - FOR SALE
1/10
null | 3.46% Cap Rate

24 E Main St
Ventura, CA 93001
Downtown Ventura


HIGHLIGHTS

  • Prime Main Street Location
  • Value-Add Upside
  • Potential NOI Growth

OVERVIEW

24–56 East Main Street presents a rare opportunity to acquire a prominent downtown Ventura commercial asset with significant vacancy, creating an ideal owner-user or value-add investment opportunity. Located along Ventura's primary retail and entertainment corridor, the property offers investors the ability to immediately occupy space for their own business while generating supplemental income from existing tenants, or execute a lease-up strategy to unlock substantial upside. Unlike fully leased assets trading on in-place income, this offering provides investors the opportunity to create value through active leasing, repositioning, tenant mix improvements, and property enhancements. The combination of vacant space, prime Main Street frontage, and strong long-term downtown fundamentals creates a compelling opportunity to acquire real estate below replacement cost and increase value through execution. Downtown Ventura continues to attract retailers, restaurants, service businesses, creative office users, and hospitality-related tenants due to its coastal location and growing visitor base. corridor.

FOR SALE DETAILS

PRICE

$3,299,900 USD

PRICE/SF

$296 USD /SF

CAP RATE

3.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

CPD

APN/PARCEL ID

073-0-022-160

ASK ABOUT THIS PROPERTY

Gil CorberColliersMore Info
310-367-7611

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Gil CorberColliersMore Info
310-367-7611

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.