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Property profile

1651 Avenue K Lancaster, CA 93534

OFF-MARKET
Hospitality properties
73,813 SF 3.53 ac lot Built 1986
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Property summary

AI-generated overview

This 170-room, 4-story hotel in Lancaster, CA, offers 70 suites and two apartments. Built in 1986 and completely renovated in 2023, this 73,813 square foot property sits on a 3.53-acre lot (APN 3129-019-027) and is zoned LRRA7000. Amenities include a complimentary breakfast, outdoor pool, fitness center, and meeting spaces. Its prime location near Edwards Air Force Base, the Lancaster Performing Arts Center, and Willow Springs International Raceway ensures strong demand from both business and leisure travelers. The property is being delivered unencumbered of its current brand, presenting a unique opportunity for repositioning and branding. Financial details are available upon request. This established hotel offers a strong market presence and a steady revenue stream, making it an excellent investment opportunity in a rapidly growing region. The property is free and clear of any ground lease.

Property profile

Verified
Property type Hospitality properties
Year built 1986
Total area 73,813 SF
Lot 3.53 ac (153,767 SF)

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
  • Hotel & Motel
  • Auto Repair Shop

Location

1651 Avenue K 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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