7861 Foothill Blvd, Sunland

7861 Foothill Blvd, Sunland

7861 Foothill Blvd, Sunland

Sold:

$1,995,000

Property Details

The offering includes a structure measuring 5,825 square feet as per the assessor’s records, but it also comes with an additional covered parking area spanning 1,000 square feet. This property boasts excellent visibility, situated with 151 feet of frontage along the bustling Foothill Blvd, where more than 27,000 vehicles pass by each day! Notably, this property comprises TWO distinct addresses, a significant advantage for an owner-user interested in occupying one portion while leasing out the other. With its versatile zoning, it is suitable for both retail and office purposes, offering remarkable potential for growth and profitability.

The existing use for this property is “retail” and falls within the “local emergency temporary regulations plan.” It is eligible for SBA financing, providing owner-users with an opportunity to take advantage of a low down payment.

The ownership has made significant upgrades to the property, including installing a new 600 amp – 3 phase electrical panel (approximately 5 years old), brand-new flooring, freshly applied paint, new lighting fixtures, the addition of two new skylights, modernized bathrooms, and the replacement of the roof about 5 years ago.

Furthermore, the property offers convenient access with a ground-level loading door accessible from the adjacent alley. This versatile space lends itself well to various business uses, such as a children’s playground, furniture showroom, pharmacy, home health services, appliance store, and more.

Subject property is also equipped with a type 9 delivery license ready to go. Sell Cannabis goods to customers exclusively through delivery. Ideal for investors or users looking to break into the cannabis industry.

Asking price for the license is $200,000.00. Property comes with a temperature controlled room for inventory storage, wired security cameras throughout the property, and a backside customer delivery point. Buyer to do their own due diligence after purchase of license to ensure the facility is compliant with Department of Cannabis Control Compliance.

No guarantee, warranty or representation of any kind is made regarding the accuracy of descriptions or measurements. Buyer & Buyer’s Agent to do their own due diligence and independently verify square footage, property condition, measurements, zoning, building configuration & components.

Alex -

Property Information

Property Type

Commercial

Lot Size

6,518 SF

Asking Price

$1,995,000

Parcel 

2556-029-012

Zoning

C2-1VL

Building Size

5,825 SF

Year Built 

1950

Sale Type

N/A

Use Code

Retail Store

Price / SF (Building)

$342 SF

Sale Date 

NA

Property Location