29001 Canwood St
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29001 Canwood St
2,500 SF Retail Building Agoura Hills, CA 91301 $3,200,000 ($1,280/SF)
Investment Highlights
- Vacant former restaurant building with excellent freeway exposure and visibility located directly adjacent to a high performing trophy Trader Joe’s
- Ideal opportunity for an owner-user Buyer or a value-add investor
- Extremely high barrier to entry submarket for both tenants and developers. The site took nearly 5 years to entitle and develop
- Affluent trade area with Westlake Village to the West and Calabasas to the East and Malibu to the South
- Recent exterior renovations, fully built out kitchen, and outdoor patio space
Executive Summary
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present for sale 29001 Canwood Street, a 2,500 square foot single tenant restaurant building situated on 0.91 acres (39,738 SF) of land ideally positioned along the Interstate 101 Ventura Freeway, with excellent freeway visibility and frontage and daily traffic counts north of 162,000 vehicles per day in the affluent Los Angeles County submarket of Agoura Hills, CA.
29001 Canwood Street, formerly Jinky’s Café since 2010, is a highly trafficked commercial destination adjacent to Trader Joe’s and The Shops at Oak Creek, a regional retail location with merchants like Panda Express and The Habit. The site is now ideally positioned for a value-add investor to reposition the vacancy with a market rent paying tenant or owner-user buyer to occupy the property for their own restaurant business. The 2010 construction restaurant recently underwent an exterior renovation, elevating its status in the high barrier to entry submarket.
This location has a history of strong performance, ideally catering to the direct needs of the surrounding residents in the affluent immediate trade area which includes Westlake Village to the West, Calabasas to the East, and Malibu to the South, with average household incomes exceeding $139,000. Because of its past successful performance, a new operator will be able to quickly plug into a devoted customer base.
29001 Canwood Street, formerly Jinky’s Café since 2010, is a highly trafficked commercial destination adjacent to Trader Joe’s and The Shops at Oak Creek, a regional retail location with merchants like Panda Express and The Habit. The site is now ideally positioned for a value-add investor to reposition the vacancy with a market rent paying tenant or owner-user buyer to occupy the property for their own restaurant business. The 2010 construction restaurant recently underwent an exterior renovation, elevating its status in the high barrier to entry submarket.
This location has a history of strong performance, ideally catering to the direct needs of the surrounding residents in the affluent immediate trade area which includes Westlake Village to the West, Calabasas to the East, and Malibu to the South, with average household incomes exceeding $139,000. Because of its past successful performance, a new operator will be able to quickly plug into a devoted customer base.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,500 SF
Building Class
B
Year Built
2010
Price
$3,200,000
Price Per SF
$1,280
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.91 AC
Zoning
AH CRS-OA-FC
Parking
16 Spaces (6.4 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,500 SF | Retail | - | Now |
1st Floor
| Size |
| 2,500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
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1st Floor
| Size | 2,500 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2048-011-076 | Improvements Assessment | $800,000 |
| Land Assessment | $2,400,000 | Total Assessment | $3,200,000 |
PROPERTY TAXES
Parcel Number
2048-011-076
Land Assessment
$2,400,000
Improvements Assessment
$800,000
Total Assessment
$3,200,000
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29001 Canwood St
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