246 W 6th St - Freestanding FOR SALE


Oxnard, CA 93030- Downtown Oxnard
$2,795,000 USD
310-497-4362
246 W 6th St, Oxnard, CA for Sale
$2,795,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

246 W 6th St
Oxnard, CA 93030
Downtown Oxnard


HIGHLIGHTS

  • DT-G (Downtown General) zoning allows multifamily, mixed-use, commercial, live/work, office, retail, and other uses.
  • 10% private open space and 7% public open space requirements.
  • No maximum residential density or FAR under the DT-G zoning code.
  • Approximately 0.30 miles from the Oxnard Transit Center, creating potential AB 2097 parking benefits.
  • Potential development opportunities under California Density Bonus Law, AB 2011/AB 2243, and AB 1287.
  • Base height of 85 feet, with potential for 106 feet through the Downtown Code community-benefit program, subject to approval.

OVERVIEW

PartnersCRE is pleased to present a 27,878-square-foot development opportunity at 246 W 6th Street in Downtown Oxnard, California. The corner parcel, located at a signalized intersection and approximately 0.30 miles from the Oxnard Transit Center, is zoned DT-G (Downtown General) and currently improved with an indoor swap meet and multi-vendor retail use. The DT-G zoning provides flexibility for a range of development concepts, including multifamily residential, mixed-use, affordable housing, live/work, office, hotel, retail, restaurant, and service uses. The zoning is designed to support a pedestrian-oriented downtown environment and does not establish a maximum dwelling-unit density or FAR; development potential is instead governed by applicable objective standards and site-specific requirements. The site may also benefit from California density bonus and transit-oriented development legislation, including AB 2345, AB 1287, AB 2097, and AB 2011/AB 2243, subject to project eligibility and City confirmation. Given its proximity to the Oxnard Transit Center, AB 2097 may eliminate minimum automobile parking requirements if the transit center qualifies as a major transit stop under state law. Additional development considerations include an 85-foot base height, with potential for up to 106 feet through the community-benefit height program, subject to applicable approvals, including a Development Agreement and FAA review. The site is also subject to 10% private and 7% public open-space requirements, along with potential overlay and site-specific requirements, including Shopfront Overlay, Airport Hazard Overlay, AHP/AHD additive-zone provisions, and rear alley access. With its Downtown location, transit proximity, flexible zoning, and potential housing and development incentives, 246 W 6th Street offers a compelling opportunity for developers seeking to participate in the continued growth and revitalization of Downtown Oxnard.

FOR SALE DETAILS

PRICE

$2,795,000 USD

PRICE/SF

$373 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Development Opportunity - ±27,878 SF

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

DT-G

APN/PARCEL ID

202-0-143-140

ASK ABOUT THIS PROPERTY

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310-497-4362

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Jordan PetitoKW Commercial Beverly HillsMore Info
310-497-4362

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