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1967 E Main ST Ventura, CA 93001
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Key Details
Sold Price $600,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID V1-16044
Sold Date 06/16/23
HOA Y/N No
Year Built 1946
Property Description
Single Tenant leased investment to excellent Vietnamese restaurant with over 6 1/2 years remaining on the lease and annual CPI rent increases. Mai's Vietnamese restaurant has operated successfully in this location for 13 years with excellent quality, good sized portions, and modest pricing. The building is in excellent condition with a recent $60,000 remodel by Tenant demonstrating their commitment to the location. Extremely low risk investment as tenant's rent is significantly below market. Good mid-town Ventura location near Ventura High School and 2 large, brand new, mixed-use projects. A true legacy asset as the property has been owned by the same family since the 1940's!
Location
State CA
County Ventura
Interior
Heating None
Cooling Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Composition
Present Use Commercial
Total Parking Spaces 4
Building
Lot Description Corner Lot, Sprinklers None, Street Level
Story 1
Water Public
Others
Tax ID 0730094170
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Trust
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Bought with Non Non Member • Unknown Office