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Grocery and Convenience Store
For Sale
$399,000

16045 Sherman Way #I & J, Van Nuys, CA 91406

The market carries beer, wine, spirits, beverages, snacks, and everyday convenience goods.

Property Size8,653 SF
Price / SF$46.11
Days on Market25

Property Features for 16045 Sherman Way #I & J

General Information

Standard status Active
Size 8,653 SF
Property subtype Business Opportunity

Additional Details

Business Included Yes
Currently Operating Yes

Building Details

Building Size 8,653 SF
Year Built 1981
Listing Agency: Real Estate EBroker, Inc.
Listed By: Pardeep Singh · License #02214563
Source: Landcorerealty
Added: Oct 1 Changed: Oct 25 Last Checked: Oct 24 at 2:31PM

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 Real Estate EBroker, Inc.

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Investment Insights

Based on property information with market context.

Located at 16045 Sherman Way #I & J in Van Nuys, this grocery and convenience store combines a liquor offering with a neighborhood market. Its merchandise includes beer, wine, spirits, beverages, snacks, and other everyday convenience items. The building was constructed in 1981.

The store generally operates from 7:00 AM to 11:00 PM, with later closing hours on Fridays and Saturdays.

Key Highlights

  • Beer, wine, spirits, beverages, snacks, and convenience goods
  • Van Nuys address at 16045 Sherman Way #I & J
  • Building constructed in 1981

Property Analytics

Current Use

Grocery and convenience stores

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,789
Businesses Nearby
175k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 56% Shops & Services 32% Dining 11% Electronics 2%
Vallarta Supermarket Groceries
53,485 visits/mo 0.4 miles
Food 4 Less Groceries
43,775 visits/mo 0.4 miles
7-Eleven Shops & Services
13,377 visits/mo 0.4 miles
7-Eleven Shops & Services
12,263 visits/mo 0.4 miles
Denny's Dining
10,937 visits/mo 0.4 miles

Demographics for 91406, CA

53,252
Population
19,650
Households
2.7
Avg Household Size
37
Median Age
29%
College-Educated
77%
High-School Grad
8.1 sq mi
ZIP Area
6,574
Density / Sq Mi
$76,653
Median Household Income
$41,469
Median Earnings
$1,859
Median Rent
$765,000
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

Frequently Asked Questions

What type of property is this?
Grocery and convenience store - The market carries beer, wine, spirits, beverages, snacks, and everyday convenience goods.
Where is this grocery and convenience store located?
The property is located at 16045 Sherman Way #I & J Van Nuys, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Beer, wine, spirits, beverages, snacks, and convenience goods; Van Nuys address at 16045 Sherman Way #I & J; Building constructed in 1981
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