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Unique Event Venue with Market

22092 US Highway 18 Apple Valley, CA 92307

22092 US Highway 18, Apple Valley, CA, 92307
$3,250,000
For Sale
Claim this Listing
$3,250,000

Versatile venue with retail space, event center, and bar.

Property Size18,000 SF
Lot Size3.11 Acres
Price / SF$180.56
AddedMar 12
Days on Market127
Last RefreshJul 16 at 3:53 am

Property Features for 22092 US Highway 18

General Information

Standard status
Active
Size
18,000 SF
Lot size
3.11 Acres
Property subtype
Commercial

Building Details

Year Built
1977

Listing office Coldwell Banker Commercial Real Estate Solutions

Listing date Mar 12, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Real Estate Solutions


Investment Insights

Based on property information with market context.

The Townsend Market is available for purchase, offering a unique venue suitable for concerts, live music, gatherings, weddings, car shows, events, food truck nights, and more. The property features almost 18,000 square feet of retail and storage space. It includes a lounge with a full bar that can be styled as a speakeasy or integrated into the event center. The event center itself spans 7,000 square feet but expands into 14,000 square feet of covered space designed for individual vendors and stalls. This property offers numerous uses and opportunities.

Key Highlights

  • Owner financing available
  • Unique venue suitable for concerts, live music, gatherings, weddings, car shows, events, and food truck nights
  • Almost 18,000 SF of retail/storage space

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 $388.8k $21.60
− Vacancy −$20.2k −$1.12
EGI $368.6k $20.48
− OpEx −$110.6k −$6.14
NOI $258.0k $14.33
18,000 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use
Retail
$3.69M
$3.23M – $4.30M (±1% cap)
NOI $258,008 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.80M
$3.32M – $4.43M (±1% cap)
NOI $265,778 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Real Estate Agency Dental Office Hair Salon Restaurant Spa & Massage Center Law Firm Pharmacy Nail Salon Cafe & Coffee Shop Furniture & Home Goods

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

FAQs

What type of property is this?
Retail space - Versatile venue with retail space, event center, and bar.
Where is this retail space located?
The property is located at 22092 US Highway 18 Apple Valley, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Owner financing available; Unique venue suitable for concerts, live music, gatherings, weddings, car shows, events, and food truck nights; Almost 18,000 SF of retail/storage space
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