307 Avenue I Lancaster, CA 93534
- Warehouses
- 3,350 SF
Current Use by Public Records
- Essentials Auto Repair / Auto Repair Shop / Mechanic
Property Details for 307 Avenue I
- Property size
- 3,350 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional 1+ acre property in Lancaster, CA (APN: 3137-015-023 and 3137-015-024), is zoned for heavy industrial use and presents a compelling opportunity for both owner-users and investors. Located on a main street just two miles from Highway 14, the property boasts high visibility and benefits from significant traffic flow and proximity to established businesses. The site includes three buildings totaling 3,350 - 6,885 square feet, each equipped with bathrooms. Two are storefront buildings, while a third building in the rear is suitable for automotive uses. The property is secured by cement block walls and digitally controlled security gates. Currently generating approximately $10,000 per month in gross income from six existing tenants under a gross lease, this multi-tenant property offers immediate cash flow. Historically used for automotive-related businesses, this versatile property is ideal for a variety of industrial uses. The asking price is $1,380,000. SBA financing may be available.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Los Angeles
- State
- California
- Longitude
- -118.133
- Latitude
- 34.7042
