318 W Newgrove St Lancaster, CA 93534
For Sale
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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.
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Magic Automotive Coatings and Paint Repair Car Wash
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
LRMU · 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.