307 W Avenue I - Service FOR SALE


Lancaster, CA 93534
$1,450,000 USD
818-469-3954
307 W Avenue I, Lancaster, CA for Sale
$1,450,000 USD
Service - FOR SALE
1/26
null | Request Cap Rate

307 W Avenue I
Lancaster, CA 93534


HIGHLIGHTS

  • Heavy industrial zoned property with 3 structures on over 1 acre.
  • High traffic area on a main street with close proximity to freeway.
  • SBA financing may be available for the right business, call for more details
  • Income producing from current tenants

OVERVIEW

Industrial zoned property with improvements located on a main street with other established businesses. High traffic area in close proximity to freeway (CA-14). Property is currently occupied by owner and two tenants with one vacant building available for immediate occupancy by new owner. Existing tenants pay $3700 per month plus shared cost of utilities. Owners expenses include property taxes and insurance. Front portion of property (street side) includes three structures with a combined square footage of 6685. Each building includes it’s own bathroom. Building on the left (when facing the property from the street) is vacant and offers 2270 sqft of office and warehouse space. The rear portion of the property is vacant / leveled dirt and may be developed to provide additional rental space. Cement block wall on three sides with a gate facing the mainstreet. Parking spaces available. UPDATE - Owner installed partitions to the property to designate areas used by the various occupants (owner and tenants). Also, the vacant lot in back is cleared out and ready for next occupant (see video clip).

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Income Producing Property for Owner/User

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

UTILITIES

Gas, Water, Sewer

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.1

LAND SF

47,916

ZONING

LRHI

APN/PARCEL ID

3137-015-023,3137-015-024

ASK ABOUT THIS PROPERTY

Thelma GhzanianRE/MAX OneMore Info
818-469-3954

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Thelma GhzanianRE/MAX OneMore Info
818-469-3954

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