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706 Milling Street,
Lancaster CA, 93534

$250,000
8,000 sqft Office Property
Photo 1 of 4

Overview

Quick Facts
  • 2 Story
  • Built in 2019
  • 205 Days on Market
SQFT
Property SQft: 8,000
Lot SQft: 13,939
Price/SQft: $31
Parking Info
  • Unassigned

Property Description

This offering memorandum is for a RTB ready project in Lancaster, consisting of one APN number, 3133-023-025 for a total of 13,939 square foot lot with an approved and permitted building of 8,000 sq. ft. A commercial building with 8 units., each unit will have individually metered water & electric. Each unit will have its own access. This future commercial structure precludes a newly constructed 8-unit commercial building and open parking on the lot with a 3 to 1 parking ratio. This incredible opportunity offers an approximate CAP of 10.00% on total project cost, once the construction is completed and tenants are populated in the building with a reasonable vacancy rate of 3%, producing substantial, almost $163,200 Gross Scheduled Annual Income. Please review the highlights and contact us for a profitable opportunity.


Map of Property

Contact An Agent

Maxi Case
Century 21 Doug Anderson
(661) 940-1800 | maxi@maxicase.com