Property summary
This exceptional 8,383-square-foot free-standing building presents a remarkable opportunity for restaurant or retail businesses seeking a prominent location in Palmdale, California. Situated on a spacious 1.12-acre lot, the property boasts ample space for expansion, outdoor seating, or additional parking. Built in 1992, the single-story structure is currently vacant, offering a blank canvas for a new tenant to customize the space to their specific needs. The property's address is 1041 W Rancho Vista Blvd, Palmdale, CA 93551. The building features no elevators, making it ideal for single-level operations. The property's size and location make it highly visible and easily accessible to customers. With a total building square footage of 8,383 square feet and no existing tenants, this property offers immediate occupancy. The ample land area provides significant flexibility for future development or expansion. The property's APN is 3005-038-039. This is a rare opportunity to acquire a substantial commercial property in a thriving area of Palmdale. The property's previous use as a Red Lobster restaurant speaks to its suitability for a similar concept or a variety of other retail or restaurant businesses. The property is ready for immediate occupancy and offers significant potential for a discerning investor or business owner.
Property profile
VerifiedCap rate & NOI
Current use
-
Construction Company
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
PDRA · Palmdale, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PDRA in Palmdale, CA.
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