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Fantastic Vacant Lot located in the City of Lancaster,CA

Posted on Aug 27, 2011 by in Active Rain | 0 comments

Fantastic Vacant Lot located in the City of Lancaster,CA
I am so exited to share this listing with you, that words can not even describe it.
vacant land on Avenue H and 50th Street West Lancaster CA
 
Investor owned approximately 160+/- Acres of Residential Land on the border of the Antelope Valley Enterprise Zone. Current owner purchased the property form the bank and is offering at a great price. Perfect for Solar and/wind turbine company or Investor/Developer. This property has water & power with paved frontage on two major roads. It is located on two Section Lines (suitable for shopping centers, Hotels, restaurants and other business use. Currently zoned residential can be subdivided 4 lots per acre creating 616 lots. If commercial zoning is established the upside would be even larger. Please Contact listing agent for additional details.
vacant land on Avenue H and 50th Street West Lancaster CA
 
 2005 developer purchased property for $9million and submitted plans to city to develop 660 single family homes, defaulted on construction loan of $79million+/-. Seller will consider all reasonable offers and is willing to carry as well.
 
The list price is $6.450,000.00 and the commission to agent bringing offer is 3% as well as 3% to listing agent.
 
Normally I take land listings at 10% commission, this was such a wonderful parcel of land that I felt the normal needs to be changed.
 
I anticipate  the buyer will be an investor, who is considering the fact that if commercial zoning is established on the section lines, the value of the property will be considerably greater.
Currently it is zoned for Residential homes and it can be subdivided 4 lots per acre, creating 616 lots. The size of each lot will be around 66’X130′
vacant land on Avenue H and 50th Street West Lancaster CA
 
This property has water & power with paved frontage on two major roads, located on two Section Lines. Section lines are main roads usually zoned Commercial  and suitable for Shopping Centers, Hotels, Restaurants and other business usage.
 
Tomorrow I will be heading out to take  more up to day pictures of this fantastic parcel of land. If you have any questions, please e-mail me or call me on my mobile. I hope I will have reception. The enclosed pictures are for illustration only they are near Palmdale/Lancaster are. Actual photos will be posted in the next few days.
 

If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

 Endre Barath's Real Estate Blog

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