MLS® ID: SR19233538

706 MILLING Street

Lancaster, California, 93534

$250,000 Active
  • - SQFT
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.
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Listing courtesy of eXp Realty of California Inc

Amenities

  • Full baths
    0
  • Half baths
    0
  • Three-quarter Baths
    0
  • Total Baths
    0
  • Zip
    93534
  • Office name
    eXp Realty of California Inc
  • SQFT
    0
  • Bedrooms
    0
  • Zoning type
    LRC*
  • Year built
    0
  • Lot size
    13939.00
  • Sewer
    Public Sewer
  • Tax year
    0
  • Agent name
    Janine Koster
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • HOA fees
    $ 0.00
  • Price Range
    $200k-$300k
  • Square Feet Range
    < 1000 sq ft.
  • Office ID
    SR0129300
  • Agent ID
    SR150501497

Location

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