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Property profile & analytics
FOR SALE
Manufacturing properties

318 W Newgrove St Lancaster, CA 93534

2,200 SF 0.14 ac lot Built 1954
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US10-0321564
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1954
Construction WOOD
Total area 2,200 SF
Lot 0.14 ac (6,291 SF)
Zoning code LRMU
APN 3138-025-032
UPID US10-0321564
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Magic Automotive Coatings and Paint Repair Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mario Rivera · 3 yrs held
Mario Rivera
since 2022
Last sale
$400,004
5 recorded transactions
2022
$400,000
2022
Price N/A
2014
$175,000
2014
$115,000
2014
Price N/A
Zoning & alternative use
LRMU · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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