Ave J-8/16th St W West

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Ave J-8/16th St W West

Lancaster, CA 93534
Asking Price
$3.20M
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The land encompasses a total of 7.016 acres of available space.
  • Property is situated at the intersection of Avenue J-8 and 16th Street.
  • The total asking price for the parcel is 3,200,000 dollars.
  • Lancaster serves as a central hub for the Antelope Valley regional economy.
  • The site supports development for residential, retail, or mixed-use commercial projects.

What's Special

This 7.016-acre land parcel sits at the corner of Avenue J-8 and 16th Street West in Lancaster, California. The property occupies a strategic position within a growing suburban market in the Antelope Valley, an area known for its expanding aerospace, manufacturing, and renewable energy sectors. Given the site dimensions and local topography, this plot is well-suited for diverse development projects, ranging from multi-family residential communities to commercial retail centers or mixed-use facilities that cater to the surrounding residential base. Lancaster benefits from its connectivity to the greater Los Angeles metropolitan area via major transportation corridors, providing a steady flow of commerce and labor. Investors and developers can capitalize on the land's potential for high-density utility as the regional economy continues to diversify. With significant acreage available for site planning, this location supports large-scale construction efforts tailored to meet current demand in this desert community.

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NOI
$80,000
Cap Rate
2.50%
DSCR
0.42
Underwater
Cash-on-Cash
-11.46%
Monthly Payment
$15,831.854
Annual Cash Flow
$-109,982.248

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