Listing Agency: Marcus & Millichap - Encino

Listed By: Greg Mills · License #CA 00697823

Source: Crexi

Added: Apr 11 Changed: Sep 1 Last Checked: Sep 1 at 8:22AM

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Investment Insights

Based on property information with market context.

This unimproved industrial land is positioned for development of a self-storage facility under the approved LI zoning update. The zoning update received approval on March 15, 2023.

The property is located at 40490 10th St W in Palmdale, California 93551.

Key Highlights

• By‑right self‑storage facility development opportunity
• LI zoning update approved March 15, 2023
• Unimproved industrial land

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick HVAC Service Auto Parts Store Grocery & Convenience Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

117

Businesses Nearby

Explore this area Business Placement

Demographics for 93551, CA

56,001

Population

17,940

Households

3.1

Avg Household Size

38

Median Age

30%

College-Educated

87%

High-School Grad

84.8 sq mi

ZIP Area

660

Density / Sq Mi

$110,850

Median Household Income

$55,882

Median Earnings

$2,263

Median Rent

$548,800

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Industrial land - Unimproved LI-zoned land supports by-right self-storage facility development.

Where is this industrial land located?

The property is located at 40490 10th St W Palmdale, CA.

What are key features of this property?

This property features: By‑right self‑storage facility development opportunity; LI zoning update approved March 15, 2023; Unimproved industrial land