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3029 E Main Street
Ventura, CA 93003

Price: $880,000 Pro Forma CAP Rate: 5.71%
Bldg SF: 3,906 SF Price/SF: $225
Land SF: 13,994 SF Occupancy: Vacant
Year Built:  1932 Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Address: 3029 E Main Street, Ventura, CA 93003
Price: $880,000
Bldg SF: 3,906 SF
Land SF: 13,884 SF
Year Built: 1932
ProForma CAP Rate: 5.71%
Price/SF: $225
Occupancy:  Vacant
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Investment Highlights

Prime Ventura County Restaurant Building

 

  • The portion of the property which fronts Main Street was formerly the Sidecar Restaurant, a well-known restaurant which successfully operated at this location for decades
  • The property runs block to block from E Main Street to S Dos Caminos Avenue, with access from both E Main Street and S Dos Caminos Avenue

 

Owner-User or Value Add Opportunity

 

  • Immediate upside available through stabilization
    
    
  • The property will be delivered vacant, allowing an owner-user to take occupancy
    

 

Strong Demographics

 

  • Over 16,200 people are located within one mile of the property, 63,500 within three miles, and 120,000 within five miles of the property
    
    
  • Over 6,600 households are located within one mile of the property, 25,400 within three miles, and 43,600 within five miles of the property
    
    
  • Average household income is over $97,000 within one mile of the property, $91,200 within three miles, and $95,900 within five miles of the property

 

Walkability

 

  • The property is listed as a Walker’s Paradise, meaning most errands are capable of being accomplished by walking
    
    
  • The property is walking distance from The Pacific View Mall, as well as Vons, Goodwill, Smart & Final, and the Plaza Shopping Center

 

Proximate to Numerous Retail Amenities and the Pacific Ocean

 

  • Located near Trader Joe’s, Target, Macy’s, Vons, AutoZone, Wells Fargo Bank, Big Lots, and Chase Bank
    
    
  • Located proximate to numerous restaurants such as McConnell’s Fine Ice Cream, Carl’s Jr, Jack in the Box, Taco Bell, Chipotle, Denny’s, and In-N-Out Burger
    
    
  • Ideally located 1.25 miles from Ventura City Beach

 

Excellent Ventura Location

 

  • Located just over 2.5 miles from Downtown Ventura
    
    
  • Approximately 1.25 miles from Ventura City Beach
    
    
  • 3 miles from Surfers Point
    
    
  • 4 miles from Ventura Harbor Village