Property profile

1147 Ave I I Lancaster, CA 93535

OFF-MARKET
Turn key restaurants
Property ID
US10-0111556
1,800 SF 0.32 ac lot Built 1958
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1958
Construction WOOD
Total area 1,800 SF
Lot 0.32 ac (14,077 SF)
Zoning code LRD21*
APN 3176-021-008
UPID US10-0111556

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1147 Ave I I Lancaster, CA 93535-2117
Lancaster metro Census 900602 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2026
Last sale
$550,000
6 recorded transactions
2026
$550,000
2024
Price N/A
2015
$365,000
2012
Price N/A
2009
Price N/A
1958
Price N/A

Zoning & alternative use

LRD21* · Lancaster, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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