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1650 W Avenue K
Lancaster, CA 93534
Retail Property For Sale
Investment Highlights
- Brand New 23 Year Absolute-Net Lease with Attractive 1.5% Annual Increases
- Conveniently Located off the Antelope Valley Freeway, with a Daily Traffic Volume of 63,600+ Vehicles
- Within Easy Walking Distance of a Substantial Apartment Complex with 800 Units and Numerous Nearby Hotels
- Situated Just 1.5 Miles Away from Antelope Valley College, Home to Over 15,800 Students and A Staff of 850+
- Positioned at A Bustling Intersection, at the Junction of West Avenue K and 17th Street West, Boasting a Combined Traffic Count of 34,200+
- Less than 1 Mile from IHOP Restaurant and Antelope Valley Medical Center, a 420-Bed Hospital with a Workforce of Over 2,500 Employees
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,942 SF
Building Class
B
Year Built/Renovated
1980/2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.91 AC
Zoning
C2*
Parking
76 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,632,000 | |
| Land Assessment | $2,295,000 | Total Assessment | $3,927,000 |
Property Taxes
Parcel Numbers
Land Assessment
$2,295,000
Improvements Assessment
$1,632,000
Total Assessment
$3,927,000
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