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- LoopNet Team
21516 Sherman Way
Canoga Park, CA 91303
Godfather The Gentlemen’s Club · Retail Property For Sale
Investment Highlights
- One of the first clubs in Los Angeles
- Major Street
- High Traffic Count
PROPERTY FACTS
Amenities
- Banking
- Restaurant
- Security System
- Signage
- Storage Space
- Air Conditioning
About 21516 Sherman Way , Canoga Park, CA 91303
This Gentleman's Club has been in business since 1952, great opportunity for an owner operator to take over, the club could easily be converted to a Bikini Bar with full liquor, Buyer must purchase the liquor license separate from this offering. All licenses are current and in good standing. Two option to buy this Business: Option 1: Property and Business together for $1,777,000.00 Option 2: Business only purchase for $399,000.00 Rent 7,000 per month plus NNN for first year. $7500 - second year $8000 - 3rd year $8500 - 4th year 10 year lease + Option Due to nature of the Business no Books and records will be provided. The asking price is for value of Property and License. The Full nude license is Grandfathered and the city will not issue any new license for new locations.
PROPERTY TAXES
| Parcel Number | 2111-027-007 | Improvements Assessment | £123,066 |
| Land Assessment | £160,933 | Total Assessment | £283,998 |
PROPERTY TAXES
