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    501 Victory Blvd Burbank, CA 91502

    Sponsored
    For Sale
    $3,650,000

    Prime Burbank retail space, 9,500 sq ft.

    Property size:
    11,588 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Burbank retail storefront, located at 501-507 N. Victory Blvd., presents a compelling investment opportunity. Boasting 9,500 square feet of net rentable space within an 11,588-square-foot building situated on a 0.266-acre lot, this property offers significant potential. Built in 1955, the building features over 10-foot high ceilings, multiple roll-up doors, and dedicated rear parking, providing ample flexibility for a variety of uses. Currently vacant, this owner-user investment is priced at $3,650,000, translating to $384 per square foot. The property is zoned BUC4 and its prime location just outside of downtown Burbank places it within Burbank's thriving business community. The Los Angeles County address (APN 2449-016-033) and its substantial size make it ideal for investors, owner-users, or developers seeking a strategic foothold in this desirable market. The property's features and location combine to create a rare opportunity for significant return on investment. This single-unit building offers a unique chance to establish or expand a business in a high-traffic area, benefiting from excellent visibility and accessibility. The ample space and convenient parking further enhance its appeal. Don't miss this chance to acquire a valuable asset in a dynamic and growing city.

    Property Features for 501 Victory Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,588 SF
    Lot Size
    11,587 SF

    Building Details

    Year Built
    1955
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burbank
    County
    Los Angeles
    State
    California
    Longitude
    -118.31881281371
    Latitude
    34.178357240272

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    FAQs

    What type of property is this?
    Individual retail property - Prime Burbank retail space, 9,500 sq ft.
    Where is this individual retail property located?
    The property is located at 501 Victory Blvd Burbank, CA.
    What is the asking price?
    The asking price for this property is $3,650,000.
    Request Owner's contact information
    501 Victory Blvd Burbank, CA 91502
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    Burbank, CA 91502
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501 Victory Blvd Burbank, CA 91502
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