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Investment Highlights

  • Signalized commercial corner with access from two major thoroughfares, Avenue I and Challenger Way.
  • Consists of one 7.52-acre parcel (6.61 acres net of future 8th Street East).
  • Population in a 5-mile radius is 143,339 with an average household income of $85,367.
  • Average daily combined traffic counts exceed 24,000 VPD.
  • Over 350 feet of frontage on Avenue I with curb and gutter complete.
  • Zoning allows for a broad range of commercial uses including QSRs, retail, medical, office, vehicle sales, and many others.

Executive Summary

Offering qualified developers the opportunity to purchase approximately 7.52 acres of commercial land at the signalized intersection of two major thoroughfares, Avenue I and Challenger Way. The subject property contains over 350 feet of visible frontage along Avenue I with curb and gutter completed. The population in a 5-mile radius is 143,339 with an average household income of $85,367. The subject property is zoned CPD-Commercial Planned Development, which allows for a broad range of commercial uses, including QSRs, retail, medical, office, vehicle sales, and many others. There is an easement for a future 8th Street East along the western side of the property, which brings the total net size of property to 6.61 acres.

Property Facts

Price $1,350,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Fast Food
  • Neighborhood Center
  • Restaurant
Total Lot Size 7.52 AC
Cross Streets Avenue I
Zoning CPD - Commercial Planned Development

1 Lot Available

Lot

Price $1,350,000
Price Per AC $179,521.28
Lot Size 7.52 AC
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
3176-018-022
Land Assessment
$875,171
Improvements Assessment
$0
Total Assessment
$875,171
  • Listing ID: 40046562

  • Date on Market: 9/19/2024

  • Last Updated:

  • Address: Challenger Way, Lancaster, CA 93534

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