Multi-Tenant Office In Ventura
$3,750,000
24 - 56 East Main Street, Ventura, CA 93001
3
Cap Rate
114,104.04
NOI
Details:
Description:
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.
Proximity to Ventura Beach and Ventura Pier
• Minutes from the Pacific Ocean, Ventura Pier, Surfer’s Point, and beachfront recreation.
• Desirable location for retail, restaurant, and hospitality-oriented tenants.
Excellent Regional Accessibility
• Immediate access to US-101.
• Convenient connections to Santa Barbara, Oxnard, Camarillo, Thousand Oaks, and Los Angeles employment centers.
Growing Downtown Revitalization Efforts
• Continued investment in restaurants, entertainment venues, retail concepts, and public infrastructure supports long-term leasing demand-up strategy for vacant suites.
Documents:
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56_E_Main_Street_OM.pdf
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Location
Gallery