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640-646 W Lancaster Blvd 22,376 SF 100% Leased Retail Building Lancaster, CA 93534 $2,950,000 ($131.84/SF)
INVESTMENT HIGHLIGHTS
- 12,988 sf is occupied by the seller, WOW Beauty Supply
- Frontage on Lancaster's "The BLVD"
- 9,388 sf is occupied by a month-to-month tenant paying $13,256/mo.
- 30 parking spaces
EXECUTIVE SUMMARY
Located on Lancaster’s “The Blvd,” this building is currently configured for two tenants. The smaller unit is month-to-month, paying $13,256 per month. The other unit, which has frontage on Lancaster Boulevard, is occupied by the seller, WOW Beauty Supply.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
22,376 SF
Building Class
C
Year Built
1958
Price
$2,950,000
Price Per SF
$131.84
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.69
Lot Size
0.75 AC
Opportunity Zone
Yes
Zoning
Downtown Specific Plan - Boulevard District
Parking
24 Spaces (1.07 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,656,120 | |
| Land Assessment | $1,104,080 | Total Assessment | $2,760,200 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,104,080
Improvements Assessment
$1,656,120
Total Assessment
$2,760,200
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640-646 W Lancaster Blvd
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