3700 W Riverside Dr 9,761 SF Specialty Building Offered For Sale in Burbank, CA 91505

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.

PROPERTY FACTS

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

AMENITIES

  • Signage
Walk Score®
Very Walkable (87)

PROPERTY TAXES

ZONING

Zoning Code MDC-3 (The MDC-3 zoning allows the following uses: - Hotel - Residential above commercial use (with CUP) - Gym and fitness studios - School - Theater - Retai)
  • Listing ID: 33613281

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 3700 W Riverside Dr, Burbank, CA 91505