Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

954 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

500-510 W Lancaster Blvd 12,341 SF 100% Leased Retail Building Lancaster, CA 93534 $2,047,208 CAD ($165.89 CAD/SF) 6.84% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Fully Stabilized, Cash-Flowing Asset: 100% leased with an attractive 6.84% in-place CAP rate, improving to 7.04% in Year 2 via built-in rent increases
Signalized Hard Corner Intersection: High-profile positioning at the corner of W. Lancaster Blvd and Sierra Hwy
Below Market In Place Rents: With an average in-place monthly rent of $0.99/ SF, the property sits below market

Prime Location on The BLVD: Exceptional visibility along Downtown Lancaster’s flagship retail and entertainment corridor.
Core Downtown Connectivity: Steps from Lancaster Performing Arts Center, MOAH, City Hall, and major civic anchors
Abundant Parking: Benefitting from a public parking lot directly behind the property, along with generous street and center-median parking on the BLVD

Executive Summary

500–510 W Lancaster Blvd presents a rare opportunity to acquire a fully stabilized 12,341 SF multi tenant retail asset positioned in the heart of Lancaster’s revitalized downtown district. Originally built in 1936 and renovated over the years, the property blends historic architectural character with modernized usability across four diversified suites situated on a 13,126 SF (0.30 acre) parcel. The asset is currently 100% occupied, generating a 6.84% in place CAP rate, with scheduled increases raising returns to 7.04% in Year 2. Offered at $1,495,000, or $121.14 per SF, the property provides investors an attractive basis significantly below replacement cost. Current tenants include a curated mix of service based operators: Lobo Coffee & UFO Kitchen (coffee roastery, walk up window, and commercial kitchen), Smile Now Tattoo & Piercing, Imani’s Hair Studio, and Royalty Barbershop, all contributing to a stable and resilient income stream. The property is governed by the Downtown Lancaster Specific Plan – Transit District, offering long term zoning support for urban, pedestrian friendly commercial uses.
Strategically located along The BLVD, Lancaster’s premier retail, dining, and cultural corridor, the property benefits from exceptional placement within one of the Antelope Valley’s most vibrant and activated pedestrian environments. The BLVD is home to a dynamic mix of restaurants, boutique shops, entertainment venues, public plazas, and year round community events, creating steady foot traffic and strong visibility for local businesses. The property is steps from major anchors including the Lancaster Performing Arts Center, MOAH: Museum of Art & History, City Hall, and a wide variety of retail and dining destinations that define the city’s walkable core. A public parking lot located directly behind the property, along with plentiful street and median parking throughout The BLVD district, provides convenient access for customers and visitors. Altogether, the location’s experiential environment, civic investment, and consistent consumer draw position 500–510 W Lancaster Blvd as a premier retail investment within a growing, energized downtown corridor.