Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
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
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
LRD21* · Lancaster, CAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for LRD21* in Lancaster, CA.
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