Prime Hard-Corner Gas Station in Van Nuys
$5,500,000
16103 Sherman Way, Los Angeles, CA 91406
For Sale
Retail
Service Gas Station
Active
Last Updated: 01/15/2026
1,161 sqft
Building Size
0.29 acres
Lot Area
Details:
Building Size: 1,161 sqft
Lot Area: 0.29 acres
Year Built: 1950
Zoning: LAC2
Parking Spots: 6
Highlights:
- Short-Term Lease with No Options Remaining – Current lease expires August 31, 2027, creating a unique chance for an owner-user to operate their business upon lease expiration all while collecting rental income in the interim.
- Prime Hard-Corner Location – Situated at Sherman Way & Woodley Avenue, a heavily trafficked intersection with 66,815 cars per day and excellent ingress/egress from both major thoroughfares.
- Clean Environmental Status – A recent Phase I (2025) came with No Further Action needed, which is complemented by regular and successful tank/piping tests (Last completed in 2024), providing buyers confidence and clarity.
- Turnkey Transition Potential – Favorable lease language ensures landlord control over equipment and environmental provisions, enabling a smooth transition for future operations.
- Dense Demographics – Within a 3-mile radius: 281,799 residents and an average household income of $110,833, supporting strong fuel and retail sales.
- Strategic Connectivity – Less than 0.5 miles from the I-405 freeway exit at Sherman Way and 0.05 miles from Van Nuys Airport, ensuring consistent traffic flow and accessibility.
- Proximity to Major Retail Drivers – Caddy-corner to Vallarta Supermarket and near dense retail corridors, driving consistent consumer traffic.
Documents:
| Title | ||
|---|---|---|
|
Offering Memorandum
|
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery