K-8 W & Ave Lancaster, CA 93534

Property Details for K-8 W & Ave

Lot size

7.47 lot acres

Property type

Land

Description

This exceptional 7.47-acre parcel, located at the southeast corner of 15th Street West and West Avenue K-8 in Lancaster, CA (APN 3125-010-071), presents a remarkable multi-family development opportunity. Zoned LRCPD (Regional Commercial Planned Development), this unencumbered site allows for diverse uses including multifamily residential (affordable, workforce, and build-to-rent options), hotel, retail, office, and entertainment. Its strategic location offers excellent frontage along 15th Street West with convenient access to the Antelope Valley Freeway (CA Hwy 14) via Avenue L ramps. The property is surrounded by existing multi-family, senior, and single-family housing, as well as retail centers, ensuring a strong existing infrastructure and market demand. The site's proximity to major aerospace employers like Northrop Grumman, Lockheed, Boeing, General Atomics, and NASA in nearby Palmdale, contributes to a robust and growing regional employment market, further enhancing the investment potential. The anticipated increase in employment opportunities, both directly and indirectly related to these aerospace companies, creates a significant demand for housing and supporting services. The property is also conveniently located near the Lancaster Commerce Center, a major retail hub featuring Costco, Target, and other prominent businesses. This prime location, coupled with the flexible zoning and substantial lot size, makes this an exceptional investment opportunity for developers seeking to capitalize on the thriving Lancaster market and the burgeoning aerospace industry. The asking price for this exceptional property is $3,000,000.

Location Insight

City

Lancaster

County

Los Angeles

State

California

Longitude

-118.157

Latitude

34.6671