Prime development opportunity in West Lancaster! Seller will consider seller financing with 50% down to well-qualified buyers! This is a strategic in-fill corner lot, at the signalized southwest corner of W Ave J and 32nd St W. This 2.38 acre parcel is zoned R-7000, meaning that the property can be… Read More subdivided into lots of around 7,000 sqft each. The seller previously obtained a tract map (TTM 82145), now expired, yielding 10 lots with frontage running along 32nd West. A developer could therefore purchase this property, re-apply for the tract map, and build 10 new construction homes. New homes in West Lancaster are selling for over $500,000 at this time. Another option is for a developer to utilize the new ADU laws and build 20 ''build to rent'' homes on the 10 lots. Water, sewer, gas, and electricity connections are all present. The location is superb, as corner lots are highly desirable. It's in the heart of West Lancaster, across the street from the Central Christian Chruch and right down the street from the Valley Central shopping center and the 14 freeway. This area is rapidly growing, and new home tracts are sprouting up all around. This property could also be suitable for the construction of a single custom home, along with guest houses, pool, etc. It is priced similarly to 2.5-acre custom home lots in the high-end equestrian areas of Palmdale/Lancaster. With all utilities available at the street, a custom home could be an attractive alternative use. This parcel is truly a gem; an in-fill corner lot within a prime area of West Lancaster. This would be a perfect acquis Read Less
Courtesy of Castlestone Properties, Inc., Mark Mestepey, 818-993-0245.
Listing Snapshot
Days Online
99
Last Updated
Property Type
Lots/Land
MLS Number
SR25120464
Additional Details
Building
Built in 0, Building area total: 0, Living area: 0, Living area units: Sqft, Building area units: Sqft
Lot
Size area: 2.3846, Size units: Acres
Property
Property subtype: Lots/Land, Property type: Land
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