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    1111 Avenue I Lancaster, CA 93534

    Sponsored
    For Lease
    $12 SF/Yr

    High-traffic retail space, multiple units available.

    Lot size:
    21,050 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Lancaster Village II offers a prime retail opportunity in Los Angeles County. This 3.02-acre property, built in 1958, features a total of 240 parking spaces, providing a generous 5.92 spaces per 1,000 square feet. Currently, there are approximately 10,000 to 11,050 square feet of vacant space available for lease within the larger retail center. The property is zoned LRC3 and boasts a highly versatile layout, adaptable to various uses including retail, industrial, and warehousing. The existing space includes dock-high, open loading areas with two flush loading docks, making it ideal for businesses requiring efficient loading and unloading. The property benefits from a strong daytime population of 85,024 within a 3-mile radius, ensuring high foot traffic and visibility. National credit co-tenants such as Dollar Tree, Family Dollar, and Citi Trends further enhance the location's appeal. Permits are already in place for conversion to traditional storefront retail, offering flexibility for potential tenants. The APN is 3120-029-019. This is a rare opportunity to secure a substantial retail space in a thriving Los Angeles County location. The total building size is not specified, but the available space is significant and ready for immediate occupancy.

    Property Features for 1111 Avenue I

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,050 SF

    Building Details

    Year Built
    1958

    Unit(s) available at that property

    Space
    Available Space
    Size
    10,000 SF
    Rate per SF
    $12
    Space
    Former Dollar Tree
    Size
    11,050 SF
    Rate per SF
    $12

    HighLights

    • Retail property, multiple tenancy, 21,050 SF vacant.
    • 3.02‑acre lot.
    • 1958 construction.
    • 240 parking spaces (5.92/1,000 SF ratio).
    • LRC3 zoning.
    • Los Angeles County, APN 3120‑029‑019.
    Property Profile Location Intelligence

    Current Use by Public Records

    Citi Trends Shoe Store ATM Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -118.1496807
    Latitude
    34.7047628

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail space, multiple units available.
    Where is this individual retail property located?
    The property is located at 1111 Avenue I Lancaster, CA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Retail property, multiple tenancy, 21,050 SF vacant.; 3.02-acre lot.; 1958 construction.
    Request Owner's contact information
    1111 Avenue I Lancaster, CA 93534
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    Lancaster, CA 93534
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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
    1111 Avenue I Lancaster, CA 93534
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