1243 W Avenue I 6,400 SF 100% Leased Retail Building Lancaster, CA 93534 $1,280,000 ($200/SF) 5.45% Cap Rate

This fully leased retail property offers a stable investment opportunity in Lancaster, California. The freestanding building spans 6,400 square feet and is configured into six tenant spaces, all currently occupied, ensuring consistent income. Positioned along Avenue I, the property benefits from 100 feet of frontage and strong vehicular visibility in a highly accessible corridor.
The site encompasses approximately 0.35 acres and is zoned LRC3 – Commercial, supporting a range of retail uses. With a reported cap rate of 5.45% and a net operating income of $69,760, this asset provides predictable cash flow for investors seeking long-term stability. The property’s single-story design and 24-hour access enhance tenant convenience, while its location within Lancaster’s downtown area ensures steady traffic and proximity to major retailers.
Lancaster is part of the Antelope Valley region, offering connectivity to the greater Los Angeles area via State Route 14. The city continues to experience commercial growth, supported by a diverse economic base and expanding residential communities. This property’s combination of full occupancy, established tenancy, and accessible location makes it a compelling addition to any investment portfolio.