Property summary
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
VerifiedCap rate & NOI
Current use
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Garden Center Landscaping
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Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
LRC3* · Lancaster, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for LRC3* in Lancaster, CA.
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Find the owner behind the property.
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- Alternative use
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