E Ave R

Palmdale, CA 93550

$500,000

List Price

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Property Description

2.04 +/- acres multi-family development site located in the state Opportunity Zone! RN-2 zoning allows 10-20 DU/AC and current density bonuses could increase the yield considerably! Preliminary drawings utilizing available density bonuses prepared by seller show a potential for 80 units! This is a great infill location nestled between 2 churches with over 200ft of frontage along Avenue R and SFR to the south! Avenue R is currently undergoing street widening and signal improvements to help increase its traffic capacity to better accommodate this growing area!

Listing Information

List Price $500,000
Status Active
MLS 24003925
Type Land
Lot Size 88,862
Structure Size N/A
DOM 99
Courtesy Of Coldwell Banker Commercial/Valley Realty
Listing Agent Harvey Holloway DRE#00594721

Interior Features

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Location(s) Laundry Room
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Exterior Information

Maps

Listing information courtesy of: Harvey Holloway, Coldwell Banker Commercial/Valley Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 4th, 2024 at 10:24 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.