42452 5Th St Lancaster, CA 93535
This exceptional 1.27-acre industrial property in Lancaster, CA, presents a unique investment opportunity. Located in a highly desirable area with Heavy Industrial (HI) zoning, this lot offers unparalleled versatility. The property boasts a 650-square-foot office building, completely remodeled in 2020, providing immediate usability for an owner-user. The office is ready for occupancy and features a fully functional sink. The lot also includes a cesspool for the house and a septic tank near a small shed, potentially suitable for an office trailer. All utilities are in place and functional. This "mid-cities" location provides convenient access to both Lancaster and Palmdale, with proximity to the Antelope Valley Freeway. The property's versatility makes it ideal for a variety of uses, including storage, parking, or other heavy industrial applications. Built in 1949, the property features a Class B building and is offered at $525,000, with a gross lease type and single tenancy. The lot is zoned HI and has an APN of 3126-020-005. The address is 42452 5th St E, Lancaster, CA 93535. This is a rare opportunity to acquire a well-located, versatile industrial property in a growing market.
Cap rate
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Property description
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