Challenger Way Lancaster, CA 93534

Property Details for 0 Challenger Way

Lot size

7.52 lot acres

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 7.52-acre commercial land parcel presents a remarkable investment opportunity in Lancaster, California. Located on a signalized intersection of Challenger Way and Avenue I in Los Angeles County (APN 3176-018-022), this property boasts a prime location surrounded by established residential areas, ensuring high visibility and accessibility. Zoned for Commercial Mixed Use, the land is suitable for a variety of developments, including quick-service restaurants (QSR), fast food establishments, restaurants, shopping centers, and self-storage facilities. The property's strategic position adjacent to a newly constructed mobile gas station, with convenient access from both Challenger Way and Avenue I, further enhances its appeal. All utilities are readily available at the street. Estimated daily traffic counts exceed 19,000 vehicles, providing significant potential for customer traffic. The seller is offering attractive financing options, including potential seller financing with a 20% down payment and approved credit for a term of up to 10 years. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving area with excellent growth potential. The asking price for this exceptional property is $1,800,000.