PRICE: $1,650,000

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Retail Building | Owner/User Opportunity

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Ethan Donel, Alex Reyhan, and Daniel Hirth have been exclusively selected to market for sale 3108 W Magnolia Boulevard, Burbank, CA 91505. Built in 1948, this property is approximately ±1,925 square feet of building sitting on roughly ±2,672 square foot of land, featuring rear parking. Currently the property is occupied by, Splatter Haus, which is under a month-to-month agreement. Additionally, the property showcases two (2) electrical meters, two (2) HVAC units, and two (2) bathrooms, which offers the opportunity of subdividing the building.

 

3108 W Magnolia Boulevard allows an owner-user to capitalize on the demand for retail/office space in the heart of the Magnolia Park District of Burbank! For an owner/user taking advantage of SBA financing with as little as 15% down is the ideal situation. Additionally, there is potential for an owner user to occupy 51% of the building and lease the remaining space for passive income. With Burbank’s' initiative to attract new businesses, there is also no city income tax and no gross sales receipt tax.

 

 

* Buyer to confirm tax benefits with the city of Burbank. Buyer to perform own due diligence and verify all information. 

 

This property is nestled in the heart of the highly desired submarket of Burbank. Known as being the “Media Capital of the World” Burbank is home to many well-established media and entertainment companies such as The Walt Disney Company, Warner Brothers Entertainment/Music Group, Cartoon Network, Nickelodeon, Warner Music Group, NBC Universal, ABC, Arri Cameras, Cinelease, Entertainment Partners, JL Fisher and Matthews Studio equipment just to name a few. Surrounded by the 134 and 5 freeways makes Burbank very accessible to neighboring cities such as Glendale, Toluca Lake, North Hollywood and Hollywood.