2317 W Magnolia Blvd - Storefront FOR SALE


Burbank, CA 91506- Chandler Park
$1,237,000 USD
818-518-8011
2317 W Magnolia Blvd, Burbank, CA for Sale
$1,237,000 USD
Storefront - FOR SALE
1/11
null | Request Cap Rate

NEW


2317 W Magnolia Blvd
Burbank, CA 91506
Chandler Park


HIGHLIGHTS

  • Rare Burbank Magnolia Park Location
  • Impeccable Building Condition
  • Medical, Retail or Office Use
  • SBA Financing Available

OVERVIEW

Lee & Associates - LA North, as the exclusive advisor, is pleased to present this rare retail, medical, office building for an owner-user to occupy in the heart of Burbank’s Magnolia Park retail corridor. With zoning that supports retail, service, medical, and professional uses, an owner/user can benefit from the area’s well-established pedestrian traffic. walkable boutique-style retail street, the property aligns with the neighborhood’s curated mix of vintage shops, cafés, and creative service businesses—making it an ideal acquisition for an owner/user or investor seeking character-rich exposure in a strong sub-market. Fully renovated in 2019, the building offers 1,375 square feet of space on 2,614 SF of land zoned C3. The space can be easily converted for medical or office use. The building features 49 feet of frontage along Magnolia, offering large storefront windows in the front and skylights throughout, offering abundant natural light, a remodeled bathroom, and a kitchen. Dedicated parking lot in the rear of the Building, providing up to 6 dedicated parking spaces and ample unrestricted street parking surrounding the property. Burbank distinguishes itself as a remarkably welcoming locale for business ownership — one key factor being the absence of a local city income tax and the absence of a gross sales-receipts tax for most business types. This means that as an owner-occupant, you avoid the extra layer of municipal taxes, which often burden businesses in many other California jurisdictions. Instead of paying a tax on your business’s gross revenue (which reduces margins) or a city income tax (which increases the cost of business or ownership), you enjoy lower structural overhead.

FOR SALE DETAILS

PRICE

$1,237,000 USD

PRICE/SF

$900 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C3, Burbank

APN/PARCEL ID

2448-030-022

ASK ABOUT THIS PROPERTY

Darren CasamassimaLee & Associates Commercial Real EstateMore Info
818-518-8011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Darren CasamassimaLee & Associates Commercial Real EstateMore Info
818-518-8011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.