38360 20Th StPalmdale, CA 93550

Property Details for 38360 20Th St

Year built

1993

Construction

TILT-UP CONCRETE

Lot size

3.06 AC

Property size (Sq ft)

74,484 SF

Zone code

PDC3*

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

3018-028-049

APU

3018028049

Description

This exceptional 22,128-square-foot retail property is located at 38360-B 20th Street East in Palmdale, California, 93550. Situated in Los Angeles County, this single-tenant space offers a prime location with excellent visibility and accessibility. The property enjoys a strategic position near the intersection of East Palmdale Boulevard and 20th Street East, providing convenient access for customers. Its proximity to the Palmdale Civic Center and Palmdale High School ensures high foot traffic and a strong local customer base. The surrounding area boasts a vibrant retail landscape, with established businesses such as Superior Grocers, Crunch Fitness, Goodwill, Harbor Freight, and Carl's Jr. nearby, creating a synergistic environment for retail success. This property presents a unique opportunity for businesses seeking a well-located, substantial retail space in a thriving community. The building's total square footage is 22,128 square feet, offering ample space for a variety of retail operations. This is a single-tenant property, providing the occupant with complete control and flexibility. The property's location and surrounding amenities make it an ideal investment for businesses seeking to establish a strong presence in the Palmdale market. Interested parties are encouraged to inquire for further details and to explore the potential of this exceptional retail opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $34,729,660

  6.5%

  $32,058,148

  7%

  $29,768,280

• Comparable approach

  Method

  Valuation

  Relative Method

  $35,692,972

  Geo Method

  $35,692,972

• Alternative Use

  Use

  Valuation

  Residential

  $27,042,248

  Hospitality

  $24,770,554

  Educational

  $20,608,810

  Medical

  $21,317,578

  Retail

  $32,058,148

Location Insight

City

Palmdale

County

Los Angeles

State

California

Latitude

34.5792

Longitude

-118.092

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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