21627 Sherman Way, Canoga Park, California 91303

$948,800

Bedrooms

0

Bathrooms

0

Square Feet

0 sqft

City

Canoga Park

Status

Active

Rare Owner-User Opportunity to acquire a ±1,500 SF Retail Storefront in the Sherman Corridor (Canoga Park Parts District) of Downtown Canoga Park. Ideal for an owner-user seeking long-term occupancy and stability in a high traffic-visibility neighborhood commercial corridor. Currently operating as a barber shop, the property is well suited for a salon, medical, boutique, Yoga / workout studio, café or comedy club! Recent capital improvements significantly reduce near-term maintenance exposure, making this a turnkey opportunity for immediate occupancy. This property is currently in a designated IRS Opportunity Zone for QOF’s. It’s also within the local JEDI Zone allowing for small business incentives to include accessible loans up to $50,000! PROPERTY HIGHLIGHTS: Four (4) On-Site Parking Spaces. Fully Fenced Lot with Front Roll-Down Security Gate. ADA-Compliant Access Ramp. New Roof (2022). New HVAC System (2022). Updated Electrical & Plumbing (2020). Tankless Water Heater. Polished Concrete Floors, Exposed Brick, Custom Woodwork. LENDING OPTION: This property is well suited for SBA 504 financing, allowing qualified owner-users to, purchase with as little as ~10% down, secure long-term fixed-rate financing and build equity instead of paying rent while locking occupancy costs against future rent increases. For many small business operators, ownership payments may be comparable to current lease rates depending on structure and terms!