10970 Sherman Way

Burbank, CA 91505

PRICE REDUCED

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-$51,000 (-11.33%)

$399,000

List Price

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Property Description

In today’s inflationary times this well-established Mega Dollar discount store is a great business opportunity for an astute investor. It is located in Burbank’s Plaza Del Sol Mall and has very high foot traffic, plenty of parking, and 20 other anchor tenants such as Vallarta Supermarket, Starbucks, MetroPCS, H&R Block, Planet Fitness, and Pollo Campero just to name a few. It’s at the busy intersection of Vineland Avenue and Sherman Way adjacent to Hollywood Burbank Airport and borders residential Sun Valley and North Hollywood neighborhoods. The 3,000 square foot store has produced up to $40,000 in monthly sales with future growth potential, and its consistent annual revenues reflects the strong demand and sustainable profitability. The sale includes over $200,000 of wholesale inventory, that’s valued over $350,000 retail. All financial records are available for review. This is a great investment opportunity for anyone looking to expand their portfolio by operating the existing store, or diversifying the location. Call now for additional details.

Listing Information

List Price $399,000
Status Active
MLS SR24149360
Type Business
Lot Size N/A
Structure Size N/A
DOM 35
Courtesy Of Park Regency Realty
Listing Agent Jose Flores DRE#01885309

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Exterior Information

Maps

Listing information courtesy of: Jose Flores, Park Regency Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 26th, 2024 at 7:49 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.