7307-7309 Canoga Ave - Restaurant FOR SALE


Canoga Park, CA 91303
$2,265,000 USD
818-514-0547
7307-7309 Canoga Ave, Canoga Park, CA for Sale
$2,265,000 USD
Restaurant - FOR SALE
1/13
null | Request Cap Rate

7307-7309 Canoga Ave
Canoga Park, CA 91303


HIGHLIGHTS

  • Retail, restaurant, or light manufacturing building for sale in Canoga Park, adjacent to Warner Center, a master-planned business development.
  • Benefit from 3-phase, 600-amp power, a new cool roof with rain gutters, two new five-ton HVAC units, and two Daikin mini split units.
  • Additional upgrades include new exterior stucco and pain and a new front and rear 8-foot sliding double-door security gate system.
  • This incredible investment opportunity is ideal for an SBA loan, or the owner will carry back financing for a qualified buyer.

OVERVIEW

7307-7309 Canoga Avenue presents a unique opportunity to purchase a freestanding building with excellent visibility on a major thoroughfare in Canoga Park, just north of the Warner Center, a master-planned neighborhood and business district development in the Canoga Park and Woodland Hills neighborhoods of the San Fernando Valley. MR-1 zoning allows for various uses, making this property an ideal fit for an owner/user. The flexibility of uses is further enhanced as the property is located in a Transit Priority Area and a State Enterprise Zone, which may provide employee tax credits, expedited plan review, and reduced parking requirements. This ±4,318-square-foot single-story gem includes hood/ventilation access for food service, a ±1,345-square-foot front patio for additional seating, 600-amp 3-phase power, a new HVAC system, and restroom and plumbing upgrades. The property features numerous interior and exterior improvements, including a new front and rear 8-foot sliding double-door security gate system, new storefront glazing with a dark bronze frame, and new exterior stucco and paint. This acquisition is an excellent fit for an SBA loan or a qualified buyer; the owner is willing to carry back financing. For more details, please contact Austin Harrell at (818) 514-0547 or Kenneth Simons at (818) 650-1606.

FOR SALE DETAILS

PRICE

$2,265,000 USD

PRICE/SF

$525 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

undefined, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,125 SF

ZONING

LAMR1

APN/PARCEL ID

2111-016-037

ASK ABOUT THIS PROPERTY

Austin Harrellilli Commercial Real EstateMore Info
818-514-0547

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Austin Harrellilli Commercial Real EstateMore Info
818-514-0547

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