1147 Ave I I Lancaster, CA 93535-2117
This exceptional 1800-square-foot retail property, situated on a 0.32-acre lot at 1147 East Avenue I in Lancaster, CA, presents a remarkable opportunity for a discerning entrepreneur. Currently configured as a restaurant and bar, the space boasts a separate bar area complete with a cozy fireplace that seamlessly flows into a charming dining area. The layout is ideally suited for hosting a variety of events, from intimate gatherings to larger celebrations such as wedding receptions, engagement parties, birthdays, and retirement parties. The expansive backyard provides an idyllic setting for outdoor entertainment, perfect for summer evenings under the stars. The property's versatility allows for creative adaptation to suit a wide range of concepts. Included in the sale are a 20-foot storage container (empty) and two gazebos. While all equipment currently on the property is not included in the sale price, these items are negotiable. This is a rare chance to acquire a well-positioned property with significant potential in a vibrant community. The asking price is $695,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LRD21* · Lancaster, CALancaster. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.