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$799,000
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Property Description
Fantastic corner lot, in the industrial hub of Lancaster. Almost 4 Acres of Heavy industrial M2 zoned land coveted with commercial cannabis use With a conditional use permit, this land can be developed for use in multiple ways in the Cannabis industry. Land uses in addition to Cannabis include Recycling industries, Manufacturing, construction storage, Truck Parking Etc. There are several points of access to the property for large trucks. This property already has water, electricity and gas running to it, so no need to pull it from the street. Accessible property for buyer with large water needs. (Water access to property is abundant with set monthly cost for any amount of water used.)
This property is in a great location in a growing industrial area of city, close to all local freeways. This property is in a secure and safe part of town proximal to the Airport, the courthouse and City Hall. Centrally located, this property provides a good area to start a distribution center for a multitude of larger cities.
Full Property Details
Full Property Details for 42055 Challenger Way
General
- Price: $799,000
- Status: Active
- Type: Lots/Land
- Source: MRMLS
- MLS ID: OC25022333
- Updated: 12/30/2025
- Days on Market: 345 days
- Added to Site: 345 day(s) ago
Location
- Area: LAC - Lancaster
- County: Los Angeles
- Development Name: LAC - Lancaster
- Driving Directions: CA-14 N to W Ave N in Palmdale. Take exit 39 from CA-14 N, Continue on W Ave N. Take Sierra Hwy to 8th St E
- Dist. to Beach: on site (Miles)
Utilities
- Water: Public
- Dist. to Water: on site
Lot Features
- Property View: None
- Lot Size (Acres): 3.8534
- Lot Size (Sq. Ft.): 167,854
- Lot Size Source: Assessor
- Zoning: LRHI*
- Lot Description: Storm Drains, Street Lights
Financial Considerations
- Price Per Sq. Ft.: $4.76
Listed by The Global Equities Group, Ruth Bridge
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Schools
Schools serving 42055 Challenger Way
School Districts:Antelope Valley Union Joint High School District, Lancaster Elementary School District
| Name | Grades | Distance |
|---|---|---|
Jack Northrop Elementary School 835 East Avenue K, Lancaster, CA 93535 | K-5 | 2 mi |
New Vista Middle School 753 East Avenue K, Lancaster, CA 93535 | 6-8 | 1.9 mi |
Eastside High School 3200 East Avenue J, Lancaster, CA 93535 | 9-12 | 3.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 42055 Challenger Way
Date
Details
Price
Change
Source
8/03/2025
Price Reduced
$799,000
-51.55%
MLS
2/10/2025
Listed
$1,649,000
440.66%
MLS
1/03/2012
Sold
$305,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 42055 Challenger Way
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,060
5%
$545,633
4%
2023
$6,745
2%
$524,448
2%
2022
$6,600
2%
$514,166
2%
2021
$6,490
1%
$504,085
1%
2020
$6,404
2%
$498,917
2%
2019
$6,266
5%
$489,136
2%
2018
$5,986
1%
$479,546
2%
2017
$5,911
5%
$470,144
2%
2016
$5,655
39%
$460,927
45%
2015
$4,065
-4%
$318,755
2%
2014
$4,252
—
$312,512
—
2013
$4,262
—
$311,100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 42055 Challenger Way
42055 Challenger Way, Lancaster, CA 93535 (MLS# OC25022333) is a Lots/Land property with a lot size of 3.8534 acres. 42055 Challenger Way is currently listed for $799,000 and was received on February 10, 2025. Want to learn more about 42055 Challenger Way? Do you have questions about finding other Lots/Land real estate for sale in Lancaster? You can browse all Lancaster real estate or contact a Coldwell Banker agent to request more information.

