44247 10Th StLancaster, CA 93534

Property Details for 44247 10Th St

Year built

1968

Lot size

2.49 AC

Property size (Sq ft)

33,727 SF

Zone code

LRC3*

Property type

Retail properties

Property subtype

Community centers

APN

3123-016-086

APU

3123016086

Description

Lancaster Center, located at 44247 10th St W, Lancaster, CA 93534, presents a unique opportunity for a variety of retail businesses. This single-tenant property boasts 33,727 square feet of space within a larger 39,000 square foot building situated on a 2.5-acre lot. The property features high ceilings and ample parking with 102 spaces, making it ideal for businesses requiring significant space and convenient customer access. The building is a Class C, single-story structure. A monthly association fee of approximately $1042 covers property maintenance in common areas. Potential uses include, but are not limited to, department stores, supermarkets, furniture stores, fitness centers, event spaces, and tech/electronics stores. The City of Lancaster is open to various uses for this location, including medical facilities. The lease rate is $0.90 per square foot, plus $0.20 CAM. The property is also available for sale. All information should be verified independently. Unauthorized entry onto the property is prohibited.

• CAP approach

  CAP return

  Valuation

  6%

  $15,735,851

  6.5%

  $14,525,401

  7%

  $13,487,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,162,086

  Geo Method

  $16,162,086

• Alternative Use

  Use

  Valuation

  Residential

  $12,252,719

  Hospitality

  $11,223,425

  Educational

  $9,337,758

  Medical

  $9,658,898

  Retail

  $14,525,401

Location Insight

City

Lancaster

County

Los Angeles

State

California

Latitude

34.6868

Longitude

-118.15

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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