1243 W Avenue I - Freestanding FOR SALE


Lancaster, CA 93534
$1,280,000 USD
626-625-3839
1243 W Avenue I, Lancaster, CA for Sale
$1,280,000 USD
Freestanding - FOR SALE
1/2
null | 5.45% Cap Rate

1243 W Avenue I
Lancaster, CA 93534


HIGHLIGHTS

  • Downtown area with most traffic and pedestrians
  • Fully leased retail building with six tenant spaces generating stable income.
  • Located along Avenue I with 100 feet of frontage and strong visibility.
  • Positioned on a 0.35-acre lot with LRC3 commercial zoning.
  • Convenient access to State Route 14 and Lancaster’s downtown district.
  • Single-story design with 24-hour access for tenants and customers.

OVERVIEW

This fully leased retail property offers a stable investment opportunity in Lancaster, California. The freestanding building spans 6,400 square feet and is configured into six tenant spaces, all currently occupied, ensuring consistent income. Positioned along Avenue I, the property benefits from 100 feet of frontage and strong vehicular visibility in a highly accessible corridor. The site encompasses approximately 0.35 acres and is zoned LRC3 – Commercial, supporting a range of retail uses. With a reported cap rate of 5.45% and a net operating income of $69,760, this asset provides predictable cash flow for investors seeking long-term stability. The property’s single-story design and 24-hour access enhance tenant convenience, while its location within Lancaster’s downtown area ensures steady traffic and proximity to major retailers. Lancaster is part of the Antelope Valley region, offering connectivity to the greater Los Angeles area via State Route 14. The city continues to experience commercial growth, supported by a diverse economic base and expanding residential communities. This property’s combination of full occupancy, established tenancy, and accessible location makes it a compelling addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$1,280,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

LRC3

APN/PARCEL ID

3120-030-022

ASK ABOUT THIS PROPERTY

Peter LamIRN RealtyMore Info
626-625-3839

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Peter LamIRN RealtyMore Info
626-625-3839

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