SEC 15th Street W & West Avenue K-8, Lancaster, CA 93534

CBRE presents the opportunity for qualified buyers to acquire and develop this site located at the southeast corner of 15th Street W and West Avenue K-8 in the heart of Lancaster, Los Angeles County, California. The approximately 7.47-acre site is zoned Regional Commercial, allowing for multiple uses including multifamily residential (including, but not limited to affordable/low-income housing, Workforce housing, and Build-to-Rent housing), hotel, retail, office, and entertainment.

The Site is adjacent to the Antelope Freeway (CA Hwy 14) just north of on and off ramps of West Avenue L. Situated directly across from 15th Street W are neighborhoods consisting of energy-efficient single-family homes and multi-tenant housing. The Site is positioned along a thoroughfare leading to the Lancaster Commerce Center - a regional power center with over 235,000 SF of retail including Costco, Ross Dress for Less, Target, 24Hr Fitness, Crunch Fitness, Big 5 Sports, and Kaiser Permanente. It is approximately 45 minutes north of the San Fernando and Santa Clarita Valleys, and less than one hour north of downtown Los Angeles.

Lancaster, California, is a city located in the Antelope Valley of the western Mojave Desert in Southern California. Its history dates back to the 1800s when European settlers, primarily from England, Spain, and Germany migrated to the area.

Economically, Lancaster has a diverse economy, with major drivers including aerospace and defense industries, healthcare, education, retail, and manufacturing. Significant employers include Northrop Grumman, Antelope Valley Hospital, and the Antelope Valley Union High School District. The city has experienced continuous growth due to its strategic location and incentives offered for businesses.