Avenue I heavy Industrial . Retail

307 W Avenue I, Lancaster, CA 93534-1605, Ca, CA

$1,500,000

Price

6.72%

Cap Rate

$100,800

NOI

Overview
Cap Rate
6.72%
NOI
$100,800
Building Size
3,552 sqft
Lot Area
1.1 acres
Occupancy
60%
Year Built
1953
Floors
1
Description

Rare opportunity to own multiple large buildings on this 1.1-acre lot. Significant traffic as main three buildings off the street. the front two show on tax records only. This main street location has been home to historically automotive-related businesses. Presently automotive on the main parcel with automotive transmission parts on the second section with a separate entry. The back area is a tire resale area with a private entry area. There are double security gates on the main street, The property has great signage. Avenue I is home to many established businesses. The location has had a very successful business in the past. Make this your new location and collect rent from the other two Blocked walls fenced businesses presently El Cavos Tires and Auto Parts. Both have their own private.
entries. Front buildings both have storefronts with office and attached warehouse areas, Bathrooms, and great retail frontage with signage. The present zoning gives the owner a great opportunity to build a large warehouse or distribution center in the back area where tire and auto parts are located and keep retail operations, Two digitally controlled double gates, in a great area with a large upside with improvements, In addition, there is a large area easement for parking that allows for additional parking. the cement block walls run alongside the property for all the privacy and security, This is an outstanding purchase and has an approximately $ 800,000 loan that the owner stated is assumable. Contact Roy Belson #01345852 at 818.620.2020 or Thelma Ghzanian # 01468971 at 818.469.3954

Located on Lancaster's busy avenue at the heart of automotive and Industrial businesses.

Highlights
  • 1. Great traffic located on high traffic avenue I
  • 2. Large secured location with three buildings office and warehouse 3552 permitted and additional building metal warehouse.
  • 3. Two large automatic wrought Iron gates at the front entry lot
  • 4. Completly enclosed three separate businesses with block walls and gated entry
  • 5. Front I street buildings retail and office with attached warehouse each with there own entry gate. extra warehouse in the rear and parking.
  • 6. Property has zoning for a large industrial, manufacturing, and distribution building with all utilities on site.
  • 7. Lot has a large easement next to the property that has been used for additional parking presently.

Location