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500-510 W Lancaster Blvd
Lancaster, CA 93534
Retail Property For Sale
Investment Highlights
- Fully Stabilized, Cash-Flowing Asset: 100% leased with an attractive 6.84% in-place CAP rate, improving to 7.04% in Year 2 via built-in rent increases
- Signalized Hard Corner Intersection: High-profile positioning at the corner of W. Lancaster Blvd and Sierra Hwy
- Below Market In Place Rents: With an average in-place monthly rent of $0.99/ SF, the property sits below market
- Prime Location on The BLVD: Exceptional visibility along Downtown Lancaster’s flagship retail and entertainment corridor.
- Core Downtown Connectivity: Steps from Lancaster Performing Arts Center, MOAH, City Hall, and major civic anchors
- Abundant Parking: Benefitting from a public parking lot directly behind the property, along with generous street and center-median parking on the BLVD
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
12,341 SF
Building Class
C
Year Built
1936
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
9’
Building FAR
0.95
Lot Size
0.30 AC
Zoning
C3 - Downtown Lancaster Specific Plan-Transit Disctrict
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Signalized Intersection
Property Taxes
| Parcel Number | 3134-013-010 | Improvements Assessment | $563,710 |
| Land Assessment | $845,571 | Total Assessment | $1,409,281 |
Property Taxes
Parcel Number
3134-013-010
Land Assessment
$845,571
Improvements Assessment
$563,710
Total Assessment
$1,409,281
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