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Established Storefront Property
For Sale
$130,000

8249 Woodman Ave, Panorama City, CA 91331

Merit Cleaners has operated under the current ownership for more than 30 years.

Property SizeContact for details
Days on Market777

Property Features for 8249 Woodman Ave

General Information

Standard status Active
Property subtype Business Opportunity

Additional Details

Business Included Yes
Listing Agency: Keller Williams Encino/Sherman Oaks
Listed By: David Machado
Source: Exprealty
Added: Jul 15, 2024 Changed: Aug 30 Last Checked: Aug 30 at 4:16AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Encino/Sherman Oaks

Investment Insights

Based on property information with market context.

This storefront property is associated with Merit Cleaners, an established cleaning business that has been operated by the current owners for more than 30 years. The owners are preparing to retire, creating an opportunity for a new operator to continue the business at the property.

The property is located at 8249 Woodman Ave in Panorama City, California.

Key Highlights

  • Merit Cleaners operating history exceeds 30 years
  • Current ownership is preparing for retirement
  • 8249 Woodman Ave, Panorama City, CA

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Bar & Pub Veterinary Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,677
Businesses Nearby
152k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 53% Shops & Services 26% Groceries 21%
In-N-Out Burger Dining
34,504 visits/mo 0.2 miles
Seafood City Groceries
32,134 visits/mo 0.1 miles
Jollibee Dining
24,637 visits/mo 0.1 miles
76 Shops & Services
17,325 visits/mo 0.2 miles
Yoshinoya Dining
13,501 visits/mo 0.1 miles

Demographics for 91331, CA

100,720
Population
23,926
Households
4.2
Avg Household Size
35
Median Age
11%
College-Educated
58%
High-School Grad
9.3 sq mi
ZIP Area
10,830
Density / Sq Mi
$82,025
Median Household Income
$34,759
Median Earnings
$1,818
Median Rent
$609,300
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

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  • Aime Les Fleurs 8700 Woodman Ave #6, Arleta, CA 91331

Frequently Asked Questions

What type of property is this?
Storefront property - Merit Cleaners has operated under the current ownership for more than 30 years.
Where is this storefront property located?
The property is located at 8249 Woodman Ave Panorama City, CA.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Merit Cleaners operating history exceeds 30 years; Current ownership is preparing for retirement; 8249 Woodman Ave, Panorama City, CA
More about this property
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