18127 Parthenia Street, Northridge, CA 91325

About this commercial property

PROPERTY IS BACK ON MARKET - BUYER DID NOT PERFORM. Bring offers subject to cancellation of current escrow. Welcome to your new business venture! This prime commercial property is located in the bustling neighborhood of Northridge, CA, with many restaurants surrounding the area and in a sweet spot of residential and business spaces. With its high visibility and heavy foot traffic, this property is the perfect place for an owner/tenant office play.The property features 1710 square feet of building space and an impressive 6078 square feet of lot, providing ample room for a variety of commercial uses. Additionally, the property comes with several parking spaces, ensuring that your customers will always have a convenient place to park. For developers, the lot is zoned LAM1 which allows for 10 units by right. If a residential development does not work, then a NNN commercial development would be perfect for an investor looking for a low risk investment - an excellent opportunity to generate passive income. Potentially providing a steady stream of cash flow from day one. Whether you're starting a new business or developing the property, this property offers endless possibilities. It's suitable for a wide range of businesses, including office, retail, manufacture, residential, or other commercial developments. With a little bit of creativity, you can turn this location into the business of your dreams.

Listing description from the May 2024 sale, as reported to CRMLS.

Sale history

$865,000

Sold May 2024 · listed $900,000, on market July 2023 · MLS #V1-19039 · Source: CRMLS

Listing Agent: Austin Reimers · Listing Office: Summer Hollis, Broker · Contact: (805) 366-8413 · Bought with: Stephen Gobrial · Paramount Real Estate Group, Inc.

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