318 Newgrove St Lancaster, CA 93534
- Manufacturing properties
- 2,200 SF
- 0.14 lot acres
Current Use by Public Records
- Magic Automotive Coatings and Paint Repair / Car Detailing Service / Auto Body Shop
Property Details for 318 Newgrove St
- Year built
- 1954
- Construction
- WOOD
- Lot size
- 0.14 lot acres
- Property size
- 2,200 SF
- Zone code
- LRMU
- Property type
- Manufacturing properties
- APN
- 3138-025-032
- APU
- 3138025032
Description
This exceptional 2,200 square foot manufacturing facility presents a compelling investment opportunity in Lancaster, California. Built in 1954, the property sits on a substantial 14-acre lot, offering ample space for expansion or future development. The building is zoned LRMU and features convenient front and rear entry points, ideal for efficient loading and unloading of materials and goods. The property boasts gated parking, providing enhanced security for both employees and inventory. Its prime Lancaster location offers easy access to major transportation routes, making it strategically advantageous for businesses requiring seamless logistics. The spacious lot and existing building provide a solid foundation for a variety of manufacturing or industrial uses. The property is particularly well-suited for businesses such as body shops or auto repair facilities, with the ample parking accommodating overflow vehicles. This is an excellent opportunity for an owner-user seeking to establish or expand their operations, or for an investor looking for a strong return on investment in a desirable location. The APN is 3138-025-032. The property's size and location make it a rare find in the Lancaster market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $310,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $345,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $305,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $320,000
- Retail
- $355,000
- Mixed-Use
- $290,000
- Hospitality
- $290,000
- Educational
- $335,000
- Residential Income
- $370,000
- Energy
- $375,000
- Income-Based Land
- $395,000
- Food Service
- $290,000
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Los Angeles
- State
- California
- Longitude
- -118.134
- Latitude
- 34.6948
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA