Storefront Retail
For Sale
$55,555
340 W Avenue I, Lancaster, CA 93534
For sale storefront retail space located at 340 W Avenue I in Lancaster, CA 93534.
Property Size300 SF
Price / SF$185.18
Days on Market146
Property Features for 340 W Avenue I
General Information
Standard status
Active
Size
300 SF
Property subtype
Business Opportunity
Building Details
Year Built
1951
Listing Agency:
Frontline Property Management
Listed By:
Nestor Gonzalez · License #02025829
(661) 917-3934
Source:
Jessicadixonrealty
Added: May 15
Changed: Sep 11
Last Checked: Oct 5 at 10:04PM
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 Frontline Property Management
Investment Insights
Based on property information with market context.
This for-sale storefront retail space is located at 340 W Avenue I in Lancaster, CA 93534 (Los Angeles County).
Directions provided with the listing indicate travel east down Avenue I from the 14 freeway.
No additional building details, size, or tenant specifications were included in the provided information, so interested parties should confirm configuration and condition directly with the listing broker.
Directions provided with the listing indicate travel east down Avenue I from the 14 freeway.
No additional building details, size, or tenant specifications were included in the provided information, so interested parties should confirm configuration and condition directly with the listing broker.
Key Highlights
- For sale storefront retail space at 340 W Avenue I in Lancaster, CA 93534
- Central air conditioning
- Year built: 1951
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,974
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$99,480
$99.5K
Cap Rate 7%
$71,057
$71.1K
Cap Rate 9%
$55,267
$55.3K
Market Conditions
NOI Build-Up for 300 SF
Gross rent
$7.6K $25.20/SF
− Vacancy
−$454 −$1.51/SF
EGI
$7.1K $23.69/SF
− OpEx
−$2.1K −$7.11/SF
NOI
$5.0K $16.58/SF
Area
Lancaster, CA
Vacancy
6.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$99,480
Cap Rate 7%
$71,057
Cap Rate 9%
$55,267
Alternative Uses
Best Use
Retail
$71.1K
$62.2K – $82.9K
NOI $4,974 @ 7.0% cap · market cap 8.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$94.2K
$82.5K – $109.9K
NOI $6,596 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93534, CA
43,906
Population
16,343
Households
2.7
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
19.0 sq mi
ZIP Area
2,311
Density / Sq Mi
$58,891
Median Household Income
$44,566
Median Earnings
$1,513
Median Rent
$339,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Oasis Flower Shop — 566 W Lancaster Blvd, Lancaster, CA 93534
- Blooming Amor — 416 W Lumber St, Lancaster, CA 93534, United States
- Gonzalez Flower Shop — 344 W Ave I, Lancaster, CA 93534
Frequently Asked Questions
What type of property is this?
Storefront property - For sale storefront retail space located at 340 W Avenue I in Lancaster, CA 93534.
Where is this storefront property located?
The property is located at 340 W Avenue I Lancaster, CA.
What is the asking price?
The asking price for this property is $55,555.
What are key features of this property?
This property features: For sale storefront retail space at 340 W Avenue I in Lancaster, CA 93534; Central air conditioning; Year built: 1951
