Check Availability
$249,999
● Land - For Sale

706 W Milling St

Lancaster, CA 93534
bedrooms
Studio
bathrooms
0 Bath
$1,228
Est. Monthly

About This Property

Prime Lancaster Commercial Land / Parking Lot Opportunity



Excellent opportunity to acquire a strategically located commercial property at 706 W Milling St, Lancaster, CA 93534. The property consists of approximately 13,871 SF of land and is currently utilized as a parking lot, offering a flexible opportunity for an investor, owner-user, or developer looking to acquire a well-positioned parcel in the Lancaster market.



The property is located within Los Angeles County and benefits from convenient access to surrounding commercial corridors, residential neighborhoods, and major transportation routes. With its existing parking use and substantial lot area, the property presents potential for continued parking operations, redevelopment, or other commercial uses, subject to applicable zoning, permitting, and city approvals.



The parcel is identified as APN 3133-023-025 and is zoned LRC* according to the available property data. Buyers and their representatives are encouraged to independently verify zoning, permitted uses, development standards, parking requirements, utilities, and all other property information with the appropriate governmental agencies.



Property Highlights:



Approximately 13,871 SF lot

Existing parking lot use

Commercial property designation

LRC* zoning per available property data

APN: 3133-023-025

Located in Lancaster, CA 93534

Excellent opportunity for investors, developers, and owner-users

Potential for multiple future uses, subject to zoning and governmental approvals



An excellent opportunity to secure a sizable commercial parcel in Lancaster with existing parking use and future potential. Contact the listing agent for additional information, due diligence materials, and showing instructions.
Unit Size
-
Days on Market
72 days
Land Size
0.32 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1900

Listed By

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Last updated: 3 months ago (CRMLS #GD26184088)

Price History

Date / Event Date Event Price
Aug 21, 2026 Listed by Magic Realty $249,999
Listed by Magic Realty
Nov 3, 2022 No longer available -
No longer available
Apr 8, 2022 Listed by Nest Seekers $399,000
Listed by Nest Seekers
LOCATION, LOCATION, LOCATION!!! Bring all of your developers and investors. Don't miss this opportunity. This vacant land is located in a very desirable area close to city hall, downtown area, shopping centers, restaurants, museums, and the brand new Marriott hotel. The land is a shovel ready, with plan and permits in place to build an 8 unit commercial property with total of 8000 sqft on a 14000 sqft land. Each unit will have individually metered water and electric and its own access to the unit. You can not find anything like this in the area. The buyer will cooperate with the seller on 1031 exchange with no expense to the buyer.
Oct 3, 2020 No longer available -
No longer available
Nov 5, 2019 Listed $250,000
Listed
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. The manager has listed the unit size as 8000 square feet.
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Property Highlights

Parking Available
Exterior Details
Lot Features: ZeroToOneUnitAcre
Lot Size Area: 13874
Lot Size Units: Square Feet
Lot Size Acres: 0.3185
Lot Size Square Feet: 13874
Tax Lot: 3
Water Source: Public

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 9
  • Parking Space Count: 45
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,947
  • Lot Size Frontage Feet: 0
  • Total Building Area: 14,000
  • Gross Building Area: 14,000
  • Building Area: 14,000
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: TOWN OF LANCASTER
  • Land Acres: 0000000160
  • Standard Land Use Code: 2036
  • County Land Use Code: 2700
  • Legal Description 1: LANCASTER LOT ON SE LINE OF MILLING ST COM SW 50 FT FROM W LINE OF ELM AVE TH SW ON SD SE LINE 50 FT WITH A UNIFORM DEPTH OF

Neighborhood

  • Census Tract: 900806

Zoning

  • Zoning: LRPR*

Geography

  • Parcel: 3133-023-017
  • Block: 22
  • Lot: 3
  • Latitude: 34.6957
  • Longitude: -118.142

    Address

  • Full Address: 706 W Milling St
  • Address - House Number: 706
  • Street Direction: W
  • Address - Street Name: Milling
  • Address - Suffix Type: St
  • State: CA
  • City Name: Lancaster
  • Carrier Code: C002
  • 4-Digit Zip Code: 3121
  • Zip Code: 93534

Valuation

    Tax

  • Tax Year: 2018
  • Tax Amount: $74,351
  • Tax Rate Code Area: 5-835

    Appraisal Valuation

  • Valuation Date: Jan 01, 1900

    Assessments Valuation

  • Assessed Year: 2018
  • Assessed Total Value: $33,812
  • Assessed Land Value: $33,292
  • Assessed Improvements Value: $520

    Sales

  • Current Sale Contract Date: Feb 03, 2016
  • Current Sale Recording Date: Feb 17, 2016
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 16-0172023
  • Previous Sale Recording Date: Feb 10, 2005
  • Previous Sale Contract Date: Jan 14, 2005
  • Previous Sale Amount: $79,500
  • Previous Sale Document Type: 36
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Downtown Lancaster


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Frequently Asked Questions

When was property at 706 West Milling Street built and last sold?
The property at 706 West Milling Street was built in 1900 and last sold on Feb 3, 2016 for $65,000.
How much is this home worth?
The estimated value of the home located at 706 West Milling Street is $252,499.
What are some comparable homes to 706 West Milling Street?
There are currently no comparable homes to 706 West Milling Street.