42213 Sierra HwyLancaster, CA 93535

Property Details for 42213 Sierra Hwy

Year built

1980

Lot size

1.13 AC

Property size (Sq ft)

7,200 SF

Zone code

LRC3*

Property type

Auto shops

APN

3128-014-024

APU

3128014024

Description

This exceptional commercial industrial property in Lancaster, CA, presents a unique investment opportunity. Situated on a 1.14-acre lot at 42213 Sierra Highway, this property boasts six versatile units ideal for various industrial, warehouse, or mixed-use operations. Each unit offers flexibility to accommodate diverse business needs, maximizing rental income potential. The property's strategic location on a major highway ensures high visibility and accessibility, attracting significant traffic and providing excellent exposure for tenants. This prime location within a thriving commercial and industrial hub offers unparalleled convenience and growth potential. Ample on-site parking further enhances the property's desirability. The multiple income streams generated by the six units make this a solid investment, promising immediate returns and long-term appreciation. This is a rare opportunity to acquire a high-visibility commercial industrial property ready for immediate occupancy and poised for future success. The property's strategic location and versatile units make it an attractive option for both investors and businesses seeking to establish or expand their operations in a high-demand area. Don't miss this chance to secure a valuable asset in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,358,399

  6.5%

  $3,100,061

  7%

  $2,878,628

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,450,263

  Geo Method

  $3,450,263

• Alternative Use

  Use

  Valuation

  Residential

  $2,615,017

  Hospitality

  $2,395,342

  Educational

  $1,992,896

  Medical

  $2,061,435

  Retail

  $3,100,061

Location Insight

City

Lancaster

County

Los Angeles

State

California

Latitude

34.6498

Longitude

-118.13

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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