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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.
Listing agent: Sean Madadian DRE #01066622 smmagicrealty@gmail.com, Listing office: Magic Realty
MLS data updated 10/22/2026, 8:04:59 PM PT
Source: CRMLS, MLS #: GD26184088
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Aug 21, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$249,999Original asking price · Aug 21, 2026ZIP 93534 · Aug 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.