Owner - User Auto Repair Shop with Development Potential
12437 San Fernando Road
Sylmar, CA 91342
Located on San Fernando Road in Sylmar, California, this owner-user auto repair investment opportunity is well appointed along a main thoroughfare near the Sylmar / San Fernando Metro Station many of the Northern San Fernando Valley's best restaurants and shopping.
Offering a total building square footage of ±6,586 on a ±9,349 square foot lot, the building maintains 14 foot ceilings with two roll-up bay doors. Included with the asset is a separate office complete with two bathrooms and additional storage located along the Oro Grande side of the building.
In addition to standing as an investment to run an auto repair shop, this asset also poses future development potential with the asset's location sitting in a Tier 1 transit oriented community. Using incentives to increase overall allowable density for multi-family housing, an owner will have the flexibility to maintain the current structure or entitle and build a 36 unit apartment complex.
Listing Price: $1,650,000
Price per SF: $250.53
Cap Rate: 4.92%
Owner/ User Auto Repair Shop in Sylmar, CA
Property sits in a Tier 1 Transit Oriented Community with incentives to build multi-family housing which include increased height, floor area ratio, parking reduction, and unit density allowance. Max Density allowed on site is 36 apartment units
Located within walking distance to Sylmar / San Fernando Metro Stop
Possibility for SBA Financing-Lower down payment for new business
14 Foot ceilings with a separate office on the San Fernando Road side of the building
(2)- 12 foot roll up doors with access on San Fernando Road and Oro Grande Street
Centrally located near 5, 405, 210 Freeways & Highway 118
Property sits on the corner of San Fernando Road and Oro Grande Street