Shopping Neighborhood
500-510 Lancaster Blvd
500 W Lancaster Blvd, Lancaster, CA 93534
Listing Price: $1,495,000
Investment Overview
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.
500-510 Lancaster Blvd
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
- Prime Location on The BLVD – Exceptional visibility along Downtown Lancaster's flagship retail and entertainment corridor
- Signalized Hard Corner Intersection – High-profile positioning at the corner of W. Lancaster Blvd and Sierra Hwy, a major intersection traveled by 13,334+ vehicles per day
- High Foot Traffic District – Benefiting from year-round pedestrian activity driven by restaurants, shops, and city-sponsored events
- Attractive Basis – Opportunity to acquire quality retail in an improving urban district at a fraction of broader L.A. County pricing and substantially below replacement cost
- Below Market In Place Rents – With an average in-place monthly rent of $0.99/SF, the property sits below market, providing 25%+ mark-to-market potential upside upon future lease rollover
- Abundant Parking – Benefitting from a public parking lot directly behind the property, along with generous street and center-median parking throughout The BLVD district, offering easy and convenient access for customers and visitors
- Immediate Access to Regional Transit – Located just a short walk from the Lancaster Metrolink Station on Sierra Highway, providing convenient regional connectivity for employees, visitors, and customers
Exclusively Listed By
Listing Price: $1,495,000
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
- Prime Location on The BLVD – Exceptional visibility along Downtown Lancaster's flagship retail and entertainment corridor
- Signalized Hard Corner Intersection – High-profile positioning at the corner of W. Lancaster Blvd and Sierra Hwy, a major intersection traveled by 13,334+ vehicles per day
- High Foot Traffic District – Benefiting from year-round pedestrian activity driven by restaurants, shops, and city-sponsored events
- Attractive Basis – Opportunity to acquire quality retail in an improving urban district at a fraction of broader L.A. County pricing and substantially below replacement cost
- Below Market In Place Rents – With an average in-place monthly rent of $0.99/SF, the property sits below market, providing 25%+ mark-to-market potential upside upon future lease rollover
- Abundant Parking – Benefitting from a public parking lot directly behind the property, along with generous street and center-median parking throughout The BLVD district, offering easy and convenient access for customers and visitors
- Immediate Access to Regional Transit – Located just a short walk from the Lancaster Metrolink Station on Sierra Highway, providing convenient regional connectivity for employees, visitors, and customers
Investment Overview
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.
Exclusively Listed By
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