Description

This top Hollywood potential redevelopment site is currently operated as a gas station but the opportunity to redevelop for higher value uses are very compelling. The site consists of C-4 zoning totaling approximately 26,000 square feet. Great opportunity for potential hotel, timeshare, multi-family, retail, mixed use or other commercial developments.
The Property is located next to the Loews Hotel on the highly trafficked corner of Highland Avenue and Franklin Avenue. Nearby famous theaters include, the Chinese Theater, El Capitan Theater, and Dolby Theater. Other nearby tourist sites include the Hollywood Bowl, the Roosevelt Hotel, Hard Rock Cafe, Ripley's Believe it or Not, Madame Tussauds, the Hollywood Museum and the Hollywood & Highland Center with an array of top stores, restaurants, bowling, movies, and more. It is also a block away from the major intersection of Hollywood Blvd and Highland Ave with easy access to the 101 freeway.