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    Nugent St Lancaster, CA 93535

    For Sale
    $122,000

    $122,000 - 2,500 sq ft, 3-story building

    Property size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional mixed-use property in Lancaster, CA, presents a unique investment opportunity. Located in the burgeoning Transit Orient District, this 0.06-acre lot comprises four contiguous parcels with utilities readily available at the street. The property boasts a 2,500 square foot, three-story building situated in an Employment Commercial Zone (EC Zone), offering flexible zoning for a wide array of uses. Permitted uses include, but are not limited to: art galleries, banks, grocery stores, restaurants, retail stores, professional offices, medical offices, churches, government offices, schools, and more. City information suggests buildings up to five stories may be permitted. This prime location is approximately 1,000 feet from the train station, providing excellent accessibility. The property also benefits from its designation as an Opportunity Zone. Detailed zoning information from the City of Lancaster is available upon request. This is an ideal investment for developers and entrepreneurs seeking a versatile commercial space in a rapidly growing area.

    Property Features for 0 Nugent St

    General Information

    Property type
    Land
    Square Feet
    2,500 SF
    Lot Size
    2,614 SF

    Building Details

    Stories
    3

    HighLights

    • $122,000 asking price.
    • Mixed‑use land totaling 2,500 square feet.
    • Three‑story building permitted.
    • Located in Lancaster, CA 93535, in the Employment Commercial Zone (EC Zone).
    • 0.06‑acre lot size.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lancaster
    County
    Los Angeles
    State
    California
    Longitude
    -117.9642595
    Latitude
    34.6929795

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    FAQs

    What type of property is this?
    Land - $122,000 - 2,500 sq ft, 3-story building
    Where is this land located?
    The property is located at Nugent St Lancaster, CA.
    What is the asking price?
    The asking price for this property is $122,000.
    What are key features of this property?
    This property features: $122,000 asking price.; Mixed-use land totaling 2,500 square feet.; Three-story building permitted.
    Request Owner's contact information
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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
    Nugent St Lancaster, CA 93535
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