Charles Naaman Acquires Corner Development Site From Bonnie & Frank Blair In Lancaster For $1.2M

This development site located at 43555 Sierra Highway in Lancaster was sold for $1,200,000. The asset, which spans 2,983 square feet, translates to a price per square foot of $402. The property is currently utilized as a used car sales lot, with plans for future development to include a gas station, convenience store, and quick-service restaurant.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,200,000
• Buyer: Charles Naaman
• Seller: Bonnie & Frank Blair
• Broker: Josh Markowitz - Markowitz Commercial Real Estate
• Market: Lancaster
• Square Feet: 2,983
• Price Per Square Foot: $402

Josh Markowitz of Markowitz Commercial Real Estate represented the seller, Bonnie & Frank Blair, in this transaction. The buyer, Charles Naaman, intends to repurpose the property for a gas station along with a convenience store and quick-service restaurant as part of the development plans.