Marcus & Millichap is pleased to present an extremely rare opportunity to purchase an assemblage of four parcels totaling approximately 33,846 SF of land in Downtown Burbank. With access from both Santa Anita Ave and Providencia Ave, this block to block opportunity is well located and prime for redevelopment or repositioning. The underlying zoning, BCCM zoning, allows for a multitude of commercial and light industrial uses ranging from hotels and convalescent homes down to more creative uses, such as office, industrial, entertainment & media applications. The property is currently improved with a vacant 6,342 SF industrial building and a small 1,680 SF office building (there is a bonus +/- 1,000 unpermitted storage facility on the premises as well). The two adjacent parking lots are occupied by M-T-M tenants creating maximum flexibility for either an entitlement process or to reposition the asset. 129 E Providencia Ave is located directly across the street from the brand new 22-acre, 450,000 SF Ikea that was recently built in 2016 to accommodate their cross-town relocation. In addition to Ikea, there has been an abundance of neighboring developments both recently completed and proposed within the immediate area of the subject property such as the Spring Hills Suites Hotel (Built 2015), Hilton Inn Hotel (2016) and a planned mixed-use development at 624 S San Fernando Blvd. In addition, there are roughly 13 other notable proposed developments in planning or the construction phase ranging from the Avion Project where they are currently constructing over 1.1 million SF of commercial space and a 166 room hotel, to the proposed 16.5 acre project encompassing the renovation of the iconic Burbank Town Center, which contains 1.8 million SF of retail, dining and other considerable amenities. Burbank is considered the Entertainment Capital of the World and is one of the top employment sectors throughout Los Angeles with notable and prestigious companies such as Disney, Warner Bros Studios, NBA Universal, Blizzard Entertainment, Yahoo, ABC and Nickelodeon Animation to name a few. Since 2000, the population in Burbank has increased by 7.95%, demonstrating the popularity of the location. The average household income is over $98,937 within a 5-mile radius with a population of 497,735.