9.25 Acres, Mixed Use, Commercial + Medium Density Residential


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Location-
  at 42nd St East, north side of Palmdale Blvd.
     
Area-
  east Palmdale, City of Palmdale
     
Acres-
 

9.25 acres (402,930 sq ft)

     
APN-
 

3023- 003- 038  

     
Zoning-
  MU 2, mixed use, Commercial + high density (20-30 residential units p/ acre)   
     
Topography-
  flat
     
Dimensions-
  610’ x 660'
     
Utilities-
  elec, tele, water, sewer on Palmdale Blvd.
     
Price-
  $795,000 ($1.97 psf)
     
Existing Notes-
  free & clear
     
Terms-
  all cash
     
Remarks-
 
East Palmdale “BUILD NOW” mixed use parcel at 42nd St East, ON Palmdale Blvd, City of Palmdale. Mixed Use 2 requires commercial use on Palmdale Blvd with high density residential to be developed behind the commercial. Allowed residential density is 20 - 30 units per acre. For both the commercial and residential portions, vertical construction is also

allowed. The purpose of mixed use is to allow residents to be in walking distance to some essential services, reducing the need to drive.
Over 3,000 jobs are nearby at Plant 42, the center of aerospace industry in the Antelope Valley, aka "the aerospace capital of the world”. Plant 42 is home to the Big 3 of aerospace: Boeing, Northrop Grumman, and Lockheed Martin, and includes numerous other aerospace subcontractors. Plant 42 and the Palmdale Air Terminal are just a 7 minute drive from subject parcel.

The City of Palmdale needs housing, affordable housing to be specific, as the city has more jobs than residences to live.

LINK to zoning and building code: https--www.codepublishing.com-CA-Palmdale-html-images-PalmdaleTitle17.pdf

 

Highest & Best use: develop mixed use project, land bank

Buyer and buyer’s agent to verify all information provided herein by listing broker.

     
Safety and Cautions-
  Anyone inspecting, or walking on the property, off the road, should be aware that rattlesnakes and other desert wild life could be in the area. Be careful and use common sense!   
     
Directions to Property-
 

Exit Fwy 14 at Palmdale Blvd. Go east on Palmdale Blvd for 4.0 + miles to 42nd St East. Subject parcel is on your left, the north side of Palmdale Blvd.