0 Challenger Way Lancaster, CA 93534
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.