21627 Sherman Way - Storefront FOR SALE


Canoga Park, CA 91303
$998,800 USD
818-761-7222
21627 Sherman Way, Canoga Park, CA for Sale
$998,800 USD
Storefront - FOR SALE
1/60
null | Request Cap Rate

NEW


21627 Sherman Way
Canoga Park, CA 91303


HIGHLIGHTS

  • Prime owner-user retail opportunity in the Sherman Corridor of Downtown Canoga Park
  • Fully renovated with new roof, HVAC, and updated electrical and plumbing systems
  • Located in an IRS Opportunity Zone and JEDI Zone with potential tax and financing incentives
  • Flexible layout suitable for salon, boutique, medical, fitness, café, or entertainment uses
  • Secure, fully fenced lot with four on-site parking spaces and roll-down security gate
  • SBA 504 financing available, enabling low down payment and long-term fixed rates

OVERVIEW

This rare owner-user opportunity offers a ±1,500 SF retail storefront in the heart of the Sherman Corridor within Downtown Canoga Park’s vibrant Parts District. Positioned along a high-visibility neighborhood commercial corridor, the property is ideal for small business operators seeking long-term stability and control over occupancy costs. Currently configured as a barber shop, the space is highly adaptable for a variety of uses including salon, boutique, medical office, yoga or fitness studio, café, or entertainment concept. Recent capital improvements deliver a turnkey environment with minimal near-term maintenance exposure. Upgrades include a new roof and HVAC system (2022), updated electrical and plumbing (2020), and modern finishes such as polished concrete floors, exposed brick, and custom woodwork. The property also features an ADA-compliant access ramp, tankless water heater, and a fully fenced lot with a roll-down security gate for added security. Located within an IRS-designated Opportunity Zone and the local JEDI Zone, this asset offers compelling tax advantages and access to small business incentives, including loans up to $50,000. SBA 504 financing options further enhance affordability, allowing qualified buyers to purchase with as little as 10% down and secure long-term fixed-rate financing. For many owner-users, ownership costs may rival or even undercut current lease rates, making this an exceptional chance to build equity while locking in predictable occupancy expenses.

FOR SALE DETAILS

PRICE

$998,800 USD

PRICE/SF

$666 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

C2

APN/PARCEL ID

2111-019-002

ASK ABOUT THIS PROPERTY

Jesse James JohnstonRodeo RealtyMore Info
818-761-7222

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

Jesse James JohnstonRodeo RealtyMore Info
818-761-7222

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