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500-510 W Lancaster Blvd
Lancaster, CA 93534

$1,495,000 USD

Storefront For Sale  •  12,341 SF

Property Details

  • Property Type Storefront
  • Total Building Size 12,341 SF
  • Lot Size 0.3 AC
  • Building Class C
  • Year Built 1936
  • Tenancy Multiple
  • Zoning C3
0 Transit Score
87 Walk Score

Highlights

Fully Stabilized, Cash-Flowing Asset: 100% leased with an attractive 6.84% in-place CAP rate, improving to 7.04% in Year 2 via built-in rent increases
Prime Location on The BLVD: Exceptional visibility along Downtown Lancaster’s flagship retail and entertainment corridor.
Signalized Hard Corner Intersection: High-profile positioning at the corner of W. Lancaster Blvd and Sierra Hwy
Core Downtown Connectivity: Steps from Lancaster Performing Arts Center, MOAH, City Hall, and major civic anchors
Below Market In Place Rents: With an average in-place monthly rent of $0.99/ SF, the property sits below market
Abundant Parking: Benefitting from a public parking lot directly behind the property, along with generous street and center-median parking on the BLVD

Amenities

  • Bus Line
  • Freeway Visibility
  • Signalized Intersection

Public Transportation

Commuter RailDriveWalkDistance
Lancaster (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink)) 0 min 5 min 0.1 mi
Palmdale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink)) 13 min - 7.9 mi
Brin Hamblin 818-212-2776 Agnew | Serling Group
Brin Hamblin 818-212-2776 Agnew | Serling Group