660-668 Lancaster Blvd - Storefront Retail/Office FOR SALE


Lancaster, CA 93534
$1,500,000 USD
310-740-7283
660-668 Lancaster Blvd, Lancaster, CA for Sale
$1,500,000 USD
Storefront Retail/Office - FOR SALE
1/19
null | 4.59% Cap Rate

660-668 Lancaster Blvd
Lancaster, CA 93534


HIGHLIGHTS

  • Prime Downtown Lancaster Location
  • Owner/User Potential with 51% of the Building Month to Month
  • Potential to Occupy the Restaurant Space
  • Value Add Through Lease Increases
  • SBA Financing Available for Owner/User Buyers
  • Recently Rennovated

OVERVIEW

Kidder Mathews and Boardwalk Real Estate are pleased to present for sale 660-668 Lancaster Boulevard in Downtown Lancaster. This charming property is ideal for an Owner/User or Investor. An Owner/User can occupy 3,688 square feet (51%), currently occupied by the Restaurant, which is on a month to month Tenancy. The Buyer could obtain favorable SBA financing given the 51% occupancy requirement. This is also an ideal Purchase for an investor who can increase the rents on the spaces. Our pro-forma cap rate is 7.43%. There is a favorable Tenant Mix of a restaurant, pastry store, and clothing store. There has been a significant amount of development in the Downtown area and this property sits in the heart of it all.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$244 USD /SF

CAP RATE

4.59%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,000 SF

ZONING

BD-2

APN/PARCEL ID

3134-016-011

ASK ABOUT THIS PROPERTY

Elizabeth ClarkKidder MathewsMore Info
310-740-7283

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Elizabeth ClarkKidder MathewsMore Info
310-740-7283

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