2025 First Street, Simi Valley, CA 93065

$2,300,000
Property Type: Commercial Square Footage: 4,900 Lot Size (sq. ft.): 29,700 Status: Closed
Current Price: $2,300,000 List Date: 5/23/2024 Last Modified: 1/29/2025

Description

We are pleased to present this great investment opportunity, ideal for investors/developers or owner/user looking to capture Simi Valley's thriving market. This property sits on a 29,708 SF lot with 4,900 SF restaurant space. Zoned for Commercial Planned Development, this property offers an opportunity for commercial use development. This high traffic location on 1st Street is a hub for new car dealerships and is also surrounded by national retail tenants. The restaurant recently closed its doors at the end of April. Country folks operated for a couple of decades at this site. The restaurant comes with equipment and furniture. Includes two walk-in refrigerators, One walk-in freezer, A full kitchen with several serving stations with full dining with tons of natural lighting. Several dining areas as well as a counter in the main dining area. Great catering and event location with tons of parking. This property offers high visibility and plenty of parking, featuring two entries on 1st, including a drive-thru and an additional entrance along E Los Angeles Avenue, accessible from the rear of the property. This location is surrounded by commercial centers and residential neighborhoods, ensuring a continuous flow of consumers. The area's good economy and growing community make it a great investment for long-term value. This area is a magnet for investors and consumers due to its close proximity to a variety of amenities such as dining, shopping, and recreational facilities, making it an incredible investment opportunity for owner/user or investor. Contact Roy Belson or Dan Murphy for showing request. Must provide pre-approval letter or proof of funds. Prime Restaurant Opportunity in Simi Valley, California Located at the busy intersection of First Street and E Los Angeles Avenue, this restaurant site offers exceptional visibility in a high-traffic area. Benefiting from the constant flow of both pedestrian and vehicular traffic in a location known for its accessibility and exposure. Ideal for both new and established restaurants, this space is strategically positioned near commercial centers and residential neighborhoods, ensuring a steady stream of customers. Don't miss out on this prime opportunity to launch or expand your dining business in Simi Valley's vibrant community. Easy access to freeways and Public Transportation. This location is known for its heavy traffic, indicating strong accessibility and high visibility.

Supplements: ********

More Information MLS# 224002018

Listing, Location and Property Info

List Price/SqFt: 530.61 Zip + 4: 2819

General Property Information

Construction Status: Unknown Living Area: 4900 Lot Size Acres: 0.68 Lot Size Square Feet: 29700 Year Built: 1974

Listing Info

# of Units: 1 Rent Max: 0 Year Established: 1974

Property Info

Cooling: Yes Baths - 3/4: 0 Baths - 1/2: 2 Entry Level: 1 Stories Total: 1

Status Change Info

Sold Price/SqFt: 469.39 Seller Concessions: Yes Purchase Contract Date: 2024-11-19 Close Date: 2025-01-16 Close Price: 2300000

Land Lease Type

Fee Simple: 1

Special Conditions

Standard: Standard Sale

Asset Class

Retail: Retail Restaurant

Terms

Cash to New Loan: 1 Owner May Carry: 1 Take Property As Is: 1 Other: 1

Business/Building Information

Current Use: Operated as breakfast lunch & dinner

Building Status

Existing: Existing restaurant

Commercial License

None: Check with city for business license

Construction Matrls

Wood: Structure is wood frame

Financing

Cash: 1

Lot Features

Lawn: 1 Lot 20000-39999 Sqft: 1 Lot Level/Flat: 1 Sprinklers in Front: 1

Roofing

Composition Shingle: 1 Wood Shingle: 1

Square Footages

Leasable SqFt: 4900 Retail SqFt: 4900

Signage

Sign Freestanding: Signage located on property

Security Safety

Smoke Detector: 1

Survey Type

Survey Done: 1

Utilities

Electric on Property: Electricity located on property

Water Source

Private: Provide by third party water and power

Listing Location and Property Info

Status: Closed Listing Contract Date: 2024-05-23 Current Price: $2,300,000 Sold Price: $2,300,000 Property Sub Type: Sale Street #: 2025 Street Name: First Street Suffix: Street County: Ventura State: CA Postal Code: 93065 Parcel Number: 6300120085 MLS Area: SVW - Simi West Country: US

Property Features

Land Lease Type: Fee Simple Lot Features: Lot 20000-39999 Sqft; Sprinklers in Front Roofing: Composition Shingle; Wood Shingle Security Safety: Smoke Detector Terms: Cash to New Loan; Owner May Carry; Take Property As Is; Other
Listing Office: RE/MAX ONE
Listing Agent: Roy Belson | roybelson@gmail.com
Agent Email: roybelson@gmail.com
Last Updated: January - 29 - 2025
Based on information from the CSMAR Multiple Listing as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.