18514 Sherman Way, Reseda, CA 91335, USA For Sale Print this page

$1,250,000 

Owner User – Reseda Village

18514 Sherman Way, Reseda, CA 91335, USA

PROPERTY INFORMATION

 

PRICE $1,250,000 PROPERTY USE TYPE Vacant/Owner-User
BUILDING SIZE 3,900 SF NO.STORIES 1
PRICE/SF $320.51 YEAR BUILT 1923
PROPERTY TYPE Retail LOT SIZE 7,498 SF
PROPERTY SUB-TYPE Free Standing Bldg APN / PARCEL ID 2126-007-008, 2126-007-007
Medical Office
Street Retail

HIGHLIGHTS

 

  • 2 Miles North of 101 Freeway – 3.5 Miles West of 405 Freeway
  • 3 Parcels From Signalized Corner – With Unique Frontage Not Flush w/Adjacent Building
  • 80% Conventional Financing Available – Owner User Buyer
  • 2.5 Miles Northeast of Pierce College & Just West of Van Nuys Airport
  • 1.4 Miles South of Northridge Hospital
  • Medical Conversation Opportunit

DESCRIPTION

Hudson Partners is pleased to present a free standing multi-tenant retail building opportunity with medical office conversation potential in Reseda Village. The buildings have alley access through Reseda Blvd and Baird Avenue, just a three parcels away from the signalized corner. The front building is not flush with its neighboring properties giving it excellent visibility. This building is 2,700 square feet and has 3 tenants on short-term leases. There is a rear metal building which approximately 1,200sf and is non-conforming, but being used by the Locksmith as storage and work space (18512 Sherman Way). Currently, there are approximately +/-12 spaces, offering a generous parking ratio of 4.4 spaces per 1,000sf. There is the potential of converting the entire front building 2,700sf to medical office, if the non-conforming metal rear structure is eliminated. Therefore, exceeding the 5 spaces per 1,000 sf parking requirement for Medical Office
The existing tenancy allows a Buyer to obtain 80% Conventional Owner-user financing, if the Buyer’s intentions are to occupy at least 1,200sf of the premises. Ask Listing Agents for more details

The subject property is consists of two separate parcels on 7,498 square feet of land, next to one of the most traveled intersections of the West San Fernando Valley (Reseda Blvd and Sherman Way). The Reseda Village corridor is between Wilbur Avenue to the West and Lindley Avenue to the East. This area has experience tremendous change over the years with new developments continue to improve the area, along with very dense vehicle/foot traffic.

 

OFFERING MEMORANDUM

 

Property Map