401 Auto Vista DrPalmdale, CA 93551

Property Details for 401 Auto Vista Dr

Year built

1995

Construction

WOOD

Lot size

2.62 AC

Property size (Sq ft)

15,288 SF

Zone code

PDCPD*

Property type

Automotive properties

APN

3003-002-081

APU

3003002081

Description

This exceptional 15,288-square-foot, freestanding Class A building is ideally situated within the bustling Palmdale Auto Mall, offering unparalleled visibility to over 100,000 vehicles daily on the 14 Freeway. Located on a generous 2.62-acre lot at 401 Auto Vista Dr, Palmdale, CA 93551 (APN 3003-002-081), this property presents a unique opportunity for automotive businesses. Built in 1995 and renovated in 2013, the two-story structure boasts a spacious showroom with high ceilings, ample office space upstairs and downstairs, a breakroom, restrooms, six ground-level roll-up doors for mechanics bays, a mezzanine for parts storage, and a vehicle washing station. The professionally designed layout, compliant with the Auto Center Specific Plan, includes convenient access from Auto Vista Drive and Carriage Way, allowing for substantial inventory storage. Currently vacant, this property is the only building for sale in the entire Auto Mall, making it a highly sought-after asset. The asking price is $4,900,000 ($320.51/sq ft). This sale does not include any existing business operations, assets, equipment, or fixtures. Potential buyers are responsible for conducting all necessary due diligence regarding zoning, usage, licensing, and property condition. The property is zoned for Auto Center Specific Plan use.

• CAP approach

  CAP return

  Valuation

  6%

  $7,150,063

  6.5%

  $6,600,058

  7%

  $6,128,626

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,326,058

  Geo Method

  $7,326,058

• Alternative Use

  Use

  Valuation

  Residential

  $5,567,396

  Hospitality

  $5,099,704

  Educational

  $4,242,894

  Medical

  $4,388,814

  Retail

  $6,600,058

Location Insight

City

Palmdale

County

Los Angeles

State

California

Latitude

34.5938

Longitude

-118.137

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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