Property profile

1111 Avenue I Lancaster, CA 93534

OFF-MARKET
Retail properties & Spaces
Built 1958
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 1958

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Atm

Location

1111 Avenue I Lancaster, CA 93534
Lancaster metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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