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INVESTMENT HIGHLIGHTS
- CORNER LOCATION
- SPECIFIC PLAN UPDATE
- IDEAL DEVELOPMENT SITE
EXECUTIVE SUMMARY
The Property is located across the street from Warner Brothers Studios and a mile from Other Studios, Providence St. Joseph’s Medical Center, and the Burbank Studios lot.
The Property is surrounded by the highest concentration of entertainment companies in the world and lies within one mile of approximately 4,250,000 square feet of class A office buildings. Retail amenities such as Arnie Morton’s, Olive & Thyme, Whole Foods Market, Bob’s Big Boy Diner, Mendocino Farms, Lemonade, Sweet Greens, and the Smoke House Restaurant are all within walking distance.
This is a rare opportunity to acquire one of the last development sites in the Media District.
Located on the corner of Riverside Drive and Hollywood Way, the property offers unparalleled visibility and sits across the street from the onramp to the 134 freeway.
The Property is a rectangular lot, stretching from Hollywood Way to Screenland Drive. The dimensions are approximately 234 feet by 108 feet.
Site is part of the Burbank Media Center Specific Plan Update, which increases the density for residential development.
A new development at the Property would offer residents walkability to high end grocery, dining, offices, public transit, and parks.
The MDC-3 Medical District General Business Zoning allows for a variety of commercial and residential uses.
The Property is surrounded by the highest concentration of entertainment companies in the world and lies within one mile of approximately 4,250,000 square feet of class A office buildings. Retail amenities such as Arnie Morton’s, Olive & Thyme, Whole Foods Market, Bob’s Big Boy Diner, Mendocino Farms, Lemonade, Sweet Greens, and the Smoke House Restaurant are all within walking distance.
This is a rare opportunity to acquire one of the last development sites in the Media District.
Located on the corner of Riverside Drive and Hollywood Way, the property offers unparalleled visibility and sits across the street from the onramp to the 134 freeway.
The Property is a rectangular lot, stretching from Hollywood Way to Screenland Drive. The dimensions are approximately 234 feet by 108 feet.
Site is part of the Burbank Media Center Specific Plan Update, which increases the density for residential development.
A new development at the Property would offer residents walkability to high end grocery, dining, offices, public transit, and parks.
The MDC-3 Medical District General Business Zoning allows for a variety of commercial and residential uses.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $17,721,600 CAD | Building Class | C |
| Price Per SF | $1,815.55 CAD | Lot Size | 0.61 AC |
| Sale Type | Investment | Building Size | 9,761 SF |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1956 |
| Property Subtype | Car Wash | Parking Ratio | 0.51/1,000 SF |
| Zoning | MDC-3 - The MDC-3 zoning allows the following uses: - Hotel - Residential above commercial use (with CUP) - Gym and fitness studios - School - Theater - Retai | ||
| Price | $17,721,600 CAD |
| Price Per SF | $1,815.55 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 9,761 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Parking Ratio | 0.51/1,000 SF |
| Zoning | MDC-3 - The MDC-3 zoning allows the following uses: - Hotel - Residential above commercial use (with CUP) - Gym and fitness studios - School - Theater - Retai |
AMENITIES
- Signage
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $944,426 CAD | |
| Land Assessment | $9,161,028 CAD | Total Assessment | $10,105,455 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$9,161,028 CAD
Improvements Assessment
$944,426 CAD
Total Assessment
$10,105,455 CAD
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3700 W Riverside Dr
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