206 Oldfield St Lancaster, CA 93534-3630
This exceptional 2,850 square foot industrial property, situated on a 0.23-acre lot in Lancaster's thriving commercial/warehouse district, presents a compelling investment opportunity for both owner-occupiers and investors seeking strong cash flow. The property currently features four individual units, offering significant flexibility. A potential buyer could maintain the existing configuration for rental income, convert the space into a single large unit to suit their specific business needs, or create two or three larger units to accommodate multiple tenants. The zoning may even permit a church conversion, subject to necessary approvals and permits. The property's location within the established commercial/warehouse district ensures convenient access to major transportation routes and a robust local business community. This versatile property offers a rare chance to acquire a substantial asset with considerable upside potential in a dynamic market. Its adaptable layout and prime location make it an ideal choice for a wide range of commercial uses. Don't miss this opportunity to secure a valuable piece of Lancaster's industrial real estate landscape. Act quickly, as this property is expected to generate significant interest.
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
LRM1* · 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.