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7307-7309 Canoga Ave

4,318 SF Retail Building Canoga Park, CA 91303 $2,265,000 ($525/SF)

Investment Highlights

  • Retail, restaurant, or light manufacturing building for sale in Canoga Park, adjacent to Warner Center, a master-planned business development.
  • Additional upgrades include new exterior stucco and pain and a new front and rear 8-foot sliding double-door security gate system.
  • 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.
  • This incredible investment opportunity is ideal for an SBA loan, or the owner will carry back financing for a qualified buyer.

Executive Summary

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.

Data Room Click Here to Access

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,318 SF
Building Class
B
Year Built/Renovated
1965/2024
Price
$2,265,000
Price Per SF
$525
Tenancy
Single
Building Height
1 Story
Building FAR
0.47
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
LAMR1 - Restricted Industrial CM Uses, Limited Commercial and Manufacturing, Clinics, Media Products, Limited Machine Shops, Animal Hospitals and Kennels
Parking
10 Spaces (2.32 Spaces per 1,000 SF Leased)
Frontage
43 FT on Canoga

Amenities

  • 24 Hour Access
  • Fenced Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Skylights
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Storage Space
  • Monument Signage
  • Air Conditioning
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
Vallarta Supermarkets
Rent-a-center
Chase Bank
Yoshinoya
Bank of America
Citi
Ralphs Pharmacy
Crunch
Peloton Interactive

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2111-016-037
Land Assessment
$1,248,480
Improvements Assessment
$520,200
Total Assessment
$1,768,680
  • Listing ID: 33554611

  • Date on Market: 10/17/2024

  • Last Updated:

  • Address: 7307-7309 Canoga Ave, Canoga Park, CA 91303

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