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16955 Sherman Way 4,212 SF Retail Building Van Nuys, CA 91406 For Sale
Investment Highlights
- Approved mixed-use development opportunity in Lake Balboa with entitlements for 111 residential units and 4,500 square feet of ground-floor retail.
- Existing structure is a 4,212-square-foot freestanding retail building built in 1973, offering redevelopment potential.
- Situated in a highly walkable area (Walk Score of 77) with proximity to major retail, dining, and service amenities.
- Located on a 1.13-acre site with C1-1 (Q)-CR-1 zoning, supporting a range of commercial and residential uses.
- Ample on-site parking with 84 spaces, providing convenience for future retail tenants or visitors.
- Easy access to key transportation routes and regional connectivity within the San Fernando Valley.
Executive Summary
Approved Prime Mixed-Use Development Opportunity in Lake Balboa containing 111 Units with 4,500 sqft Retail on the Ground-Floor. Entitlements have been approved and the city is currently processing Construction Documents.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,212 SF
Building Class
B
Year Built
1973
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.13 AC
Zoning
C1-1(Q)-CR-1, L A - Limited Commercial Local Retail Stores < 100,000 sq-ft, Offices or Businesses, Hotels, Hospitals and/or Clinics, Parking Areas, CR Uses except for
Parking
84 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Walk Score®
Very Walkable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2227-003-017 | Improvements Assessment | $0 |
| Land Assessment | $4,483,947 | Total Assessment | $4,483,947 |
Property Taxes
Parcel Number
2227-003-017
Land Assessment
$4,483,947
Improvements Assessment
$0
Total Assessment
$4,483,947
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16955 Sherman Way
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