38463 9Th St E Palmdale, CA 93550
- Retail space
- 4,428 SF
- 0.11 lot acres
Current Use by Public Records
- Retail space
Property Details for 38463 9Th St E
- Year built
- 1957
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.11 lot acres
- Property size
- 4,428 SF
- Zone code
- PDC3*
- Property type
- Retail space
- APN
- 3008-034-001
- APU
- 3008034001
Description
This exceptional 4,428 square foot commercial property, situated on a 0.11-acre lot at 38463 9th Street in the heart of Palmdale, CA, presents a compelling owner-user or investment opportunity. The building boasts a prime location just off a heavily trafficked thoroughfare, ensuring high visibility and accessibility. Currently, three tenants are operating under triple net (NNN) leases, providing a stable income stream. A corner unit is currently vacant, offering immediate potential for increased revenue through leasing or owner-occupancy. Significant improvements have recently been undertaken, enhancing the property's value and appeal. These upgrades include a complete electrical system overhaul, a new roof, a comprehensive security camera system, and fresh interior and exterior painting. The property's strong tenant base, coupled with its strategic location and recent renovations, makes it an attractive investment prospect with significant upside potential. The asking price is $860,000. This is a motivated seller situation, so serious inquiries are encouraged. Don't miss this chance to acquire a well-maintained, income-producing commercial property in a thriving Palmdale location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palmdale
- County
- Los Angeles
- State
- California
- Longitude
- -118.115
- Latitude
- 34.5814
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
