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622-624 W Lancaster Blvd
Lancaster, CA 93534
Retail Property For Sale
Investment Highlights
- Premier street-front retail located on Lancaster’s “The BLVD”
- Unit 622 is occupied by Moon Beauty, paying $1,800 per month
- Three dedicated parking spaces by the rear entrance, plus additional, ample street parking
- Total of 3,000 square feet, demised into two units at 1,500 square feet each
- Unit 624 will be delivered vacant
- Roof replaced in 2022
Executive Summary
Markowitz Commercial Real Estate, Inc. is pleased to exclusively offer for sale 622-624 West Lancaster Boulevard, a two-unit, street front retail property located on Lancaster’s “The BLVD.” The BLVD is one of the Antelope Valley’s premier shopping, dining, and entertainment corridors featuring local businesses as well as national tenants like Starbucks and Regency Theaters. The subject property is 3,000 square feet and is currently demised into two, 1,500 square foot units. One unit is occupied by Moon Beauty, which offers permanent makeup, eyelash service, and laser hair removal. The other unit will be delivered vacant. The property has been well-maintained, with a roof replacement completed in 2022. There is one water meter, and gas and electric are separately metered. 622-624 West Lancaster Boulevard offers both investors and owner-users the opportunity to own premier street front retail along one of the most sought-after locations in the Antelope Valley.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,000 SF
Building Class
C
Year Built
1953
Price
$697,195 CAD
Price Per SF
$232.40 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.57
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
SP - Downtown Specific Plan
Parking
3 Spaces (2 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 3134-015-007 | Improvements Assessment | $386,815 CAD |
| Land Assessment | $165,769 CAD | Total Assessment | $552,584 CAD |
Property Taxes
Parcel Number
3134-015-007
Land Assessment
$165,769 CAD
Improvements Assessment
$386,815 CAD
Total Assessment
$552,584 CAD
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