0 Glenoaks &Burbank, CA 91502

This exceptional $10,950,000 retail property, located at the northwest corner of N. Glenoaks and E. Magnolia in Burbank, CA (91502), offers 18,619 square feet on a 35,180 square foot lot. The asking price equates to $588 per square foot, with a land value of $311 per square foot. The property boasts a prime downtown Burbank location, near the Burbank Mall, City Hall, and the heavily trafficked San Fernando Road, ensuring high visibility and accessibility. Current tenants are on month-to-month leases, short-term leases, or have termination clauses, presenting a significant opportunity for redevelopment. This presents substantial existing income while securing entitlements and plans for future development. The site is ideally suited for mixed-use development (apartments over retail) or a large office building. Burbank's thriving entertainment industry, home to Warner Brothers, Disney, Burbank Studios, and numerous other major firms, provides a strong economic foundation. As an incorporated city, Burbank offers its own City Hall, planning department, schools, and police force, simplifying the development process. Its central location, surrounded by Hollywood, Glendale, and the San Fernando Valley, and excellent access to Downtown Los Angeles, further enhances its appeal.