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    Versatile Mixed-Use Property, Lancaster Title is generated by Realmo AI

    113 Pillsbury Street, Lancaster, CA 93534

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    Claim this Listing
    For Sale
    $449,500

    Mixed Use - Lancaster, CA

    Type:Mixed Use
    Property size:
    2,290 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $196/SF
    Added:
    May 1, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 16 at 11:06 am

    Property Features for 113 Pillsbury Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    3138012077
    Size
    2,290 SF
    Lot size
    0.16 Acres

    Building Details

    Year built
    1976
    Floors in Building
    1
    Building materials
    Stucco
    Roof type
    Rolled/Hot Mop
    Architectural style
    Other

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    Listing Contact
    Patrick Fossati
    Patrick Fossati

    Listing agent Patrick Fossati License #01907255

    Listing office RE/MAX Gold Coast REALTORS 601 E Daily Dr 102, Camarillo, CA 93010, Ventura, CA

    Listing date May 1, 2026

    MLS# V1-36151 Listing URL

    Copyright © 2026 California Regional MLS - Pasadena-Foothills and Ventura County Coastal. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Located in Lancaster's ''T.O.D'' Zone, allowing for a variety of uses.
    • 7,000+ sq. foot lot with a 2,290 sq. foot building and a large outdoor storage shed.
    • Located a short distance from the ''Blvd'' area.
    • Majority of the property is fully fenced with parking spaces.
    • Fresh paint throughout the interior and a brand new electrical panel.
    • Storage outbuilding, steel gate & fence built less than 5 years ago.

    Overview

    Located in the heart of Lancaster's commercial and industrial district, this mixed-use property offers a 2,290 square foot building on a 7,000+ square foot lot, along with a large outdoor storage shed. Situated a short distance from the 'Blvd' area, the property is within Lancaster's 'T.O.D' Zone, permitting various uses such as retail, commercial, office space, and light industrial. The majority of the property is fully fenced, featuring several parking spaces both in front and within the fenced area. The main building includes a large, open room with multiple doors, providing the option to divide it into rentable suites. It also contains two restrooms, additional office and reception areas, and a space suitable for a break room or kitchen. The interior of the building features fresh paint, and a new electrical panel. The storage outbuilding, steel gate, and fence were constructed less than five years ago. Division Street is nearby, offering road frontage to thousands of cars per day. This versatile property presents opportunities for developers, businesses seeking a storefront, or investors.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $57.7k $25.20
    − Vacancy −$3.5k −$1.51
    EGI $54.2k $23.69
    − OpEx −$16.3k −$7.11
    NOI $38.0k $16.58
    2,290 SF · lease $25.20/SF/yr · vacancy 6.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $542.5K
    $474.7K – $632.9K (±1% cap)
    NOI $37,972 @ 7.0% cap · market cap 8.45%
    Second Best
    Mixed Use
    $524.8K
    $459.2K – $612.3K (±1% cap)
    NOI $36,737 @ 7.0% cap · market cap 8.17%
    Theoretical Best
    Office A
    $719.3K
    $629.4K – $839.2K (±1% cap)
    NOI $50,352 @ 7.0% cap · market cap 11.20%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Budale Driving School Training Center Browne Charles L Architect Antelope Valley Retail Shopping Center & Mall

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.130809
    Latitude
    34.691183

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in Lancaster's commercial/industrial district.
    Where is this mixed-use property located?
    The property is located at 113 Pillsbury Street Lancaster, CA.
    What is the asking price?
    The asking price for this property is $449,500.
    What are key features of this property?
    This property features: Located in Lancaster's ''T.O.D'' Zone, allowing for a variety of uses.; 7,000+ sq. foot lot with a 2,290 sq. foot building and a large outdoor storage shed.; Located a short distance from the ''Blvd'' area.
    More about this property
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