Owner User Retail Development Opportunity

17721 Sherman Way Reseda, CA 91335

  • 6,290 Square Feet
  • Retail Commercial-Specialty
  • For Sale

Summary Description

Colliers International is pleased to present a great owner-user / development opportunity at 17721 Sherman Way in the City of Reseda. Located on a main thoroughfare in San Fernando Valley this property offers a lot size of 11,918 square feet with an existing building of 6,290 square feet. The property is vacant and has been used as a Body Shop for many years. The new owner will have the options to either lease it out as a light body shop or owner-user. The other option would to redevelop it to apartment units or mix use. The zoning is C2 and buyers should verify the existing condition(s) and Transitional Height Ordinance to figure out the maximum number of units which can be built on this lot. The current strong market conditions, population growth, affordability issues and lack of apartment units make this property a very attractive development opportunity in a dense location. The property is located on Sherman Way just west of White Oak Avenue in the City of Reseda. Furthermore, the property is located just minutes away from Balboa Park and Golf Course, Northridge University and 101 & 405 Freeways.

Property Status: For Sale

Price: $1,745,000.00

Lot Size: 11761.2 Square Feet

Building Size: 6290 Square Feet

Area Available: 6,290 Square Feet

APN / Parcel ID

2121-016-008

Features:

  • Great Location on Sherman Way just West of White Oak Avenue
  • Existing Spray Booth - Buyer to verify the permit and use
  • Development Opportunity in Reseda CA - Close to Balboa Park and Golf Course
  • Zoned LAC2-1VL
  • Can also be used as owner user for light body shop – Buyer to verify
  • Located on a main thoroughfare in San Fernando Valley - Just minutes from 101 & 405 FWY

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