Market Conditions in 91423>Question Details

Mstreet, Home Buyer in 91423

What is the current value of commercial restaurant zoned square footage vs. retail zoned square footage in Sherman Oaks, CA?

Asked by Mstreet, 91423 Mon Jun 21, 2010

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Mstreet,
I have seen anywhere from 14 to 45 for regular retail and 22 to 54 for restaurant. That is, per square foot per year. A couple places I showed a client were in pretty sad shape and needed a lot of renovation. That was on the lower end. The upper end I showed a restaurant set up that was next to a coffee shop on the boulevard and it, of course was on the upper end.

If you are a home buyer, why the interest in commercial?

If you need assistance with anything, please call or email me.

Tommy Lee
DRE#01723594
tommy.lee@dilbeck.com
323-821-2292
0 votes Thank Flag Link Mon Jun 21, 2010
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