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    42055 Challenger Way Lancaster, CA 93535

    For Sale
    $799,000

    Land/Lot - Lancaster, CA

    Lot size:
    167,854.00 Acres
    Days on Market:
    306
    Last Refresh:
    Dec 12 at 8:06 am

    Property Features for 42055 Challenger Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    LRHI*
    APN
    3126017021
    Exterior features
    Community Features Included: Storm Drains, Street Lights
    Lot size
    167,854.00 Acres

    Building Details

    Architectural style
    Other

    The Global Equities Group (949) 306-2942 [email protected]

    Listing agent Ruth Bridge (714) 371-0132 License #01918207

    Listing date Feb 10, 2025

    MLS# OC25022333 Listing URL

    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lancaster Industrial Corner Lot

    This corner lot, situated in the industrial hub of Lancaster, encompasses almost 4 acres of heavy industrial M2 zoned land suitable for commercial cannabis use with a conditional use permit. The land can be developed for various applications within the cannabis industry. In addition to cannabis-related activities, the zoning allows for recycling industries, manufacturing, construction storage, and truck parking. The property features multiple access points suitable for large trucks. Water, electricity, and gas are already connected to the property. The location is in a growing industrial area of the city, with convenient access to local freeways. It is situated in a secure part of town, near the airport, courthouse, and City Hall. Its central location makes it a suitable site for a distribution center serving multiple larger cities. The property has abundant water access with a set monthly cost for any amount of water used.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Wholesale Shop Hair Salon Building Supply Clothing Store Gym & Fitness Hotel & Motel Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.112945
    Latitude
    34.646622

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    FAQs

    What type of property is this?
    Commercial land - Almost 4 acres of heavy industrial land in Lancaster.
    Where is this commercial land located?
    The property is located at 42055 Challenger Way Lancaster, CA.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - M2 Heavy Industrial Zoning with Commercial Cannabis Use Potential (with permit); - Almost 4 Acre Corner Lot in Lancaster's Industrial Hub; - Existing Utilities: Water, Electricity, and Gas Connected
    (714) 371-0132
    Request Owner's contact information
    42055 Challenger Way Lancaster, CA 93535
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    Lancaster, CA 93535
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    42055 Challenger Way Lancaster, CA 93535
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