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Property profile & analytics
OFF-MARKET
Investment properties

42607 Sierra Hwy Lancaster, CA 93535-5134

1,218 SF 0.64 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US09-9850494
Property summary
AI-generated overview

This exceptional mixed-use property, situated on a prominent corner lot at 42607 Sierra Highway in Lancaster, CA, presents a unique investment opportunity. The 1,218 square foot building sits on a sizable 0.64-acre lot, offering significant potential for expansion or redevelopment. Currently configured as two separate dwellings, the property is ideally suited for a variety of commercial and residential uses. One dwelling is currently utilized as an office space, benefiting from its high-visibility location on a busy thoroughfare, while the second dwelling serves as storage. The property's strategic location within a cluster of similar mixed-use commercial buildings ensures high foot traffic and excellent visibility. This presents a rare chance to acquire a versatile property in a thriving commercial area. The existing structures provide immediate income potential or a solid foundation for future development. The ample lot size allows for significant flexibility in terms of expansion or repurposing. Schedule a viewing to explore the numerous possibilities this property offers. The property is priced at $500,000.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Construction WOOD
Total area 1,218 SF
Lot 0.64 ac (27,787 SF)
Zoning code LRC3*
APN 3128-007-041
UPID US09-9850494
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
  • Green Valley Nursery Garden Center Landscaping
  • green innovations Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
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
PUGH JOHN E AND MARIA G TR
PUGH JOHN E AND MARIA G TR
Zoning & alternative use
LRC3* · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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