10th W & Ave Palmdale, CA 93551
- Land
- 1.45 lot acres
Current Use by Public Records
- Land
Property Details for 10th W & Ave
- Lot size
- 1.45 lot acres
- Property type
- Land
Description
This exceptional 1.45-acre commercial land parcel presents a prime development opportunity in Palmdale, California. Located at the prominent corner of 10th Street West and Avenue M-4, this property offers unparalleled visibility and accessibility. Situated at the entrance to Sierra Business Park, the site benefits from high traffic counts, with 10th Street West boasting an average daily traffic volume of 25,800 vehicles. The property consists of two separate lots (APN: 3111-016-001-3111-016-002), zoned for Office Flex use, and previously approved for two 6,300 square foot medical/professional office buildings. A significant advantage is the presence of an existing two-inch water meter on the site, simplifying infrastructure development. The location is further enhanced by the proximity of a new, large-scale Trader Joe's food assembly and distribution facility under construction across the street. This 1.03 million square foot project is anticipated to generate 800-1,000 new jobs, significantly boosting the area's economic activity. All utilities are available, making this a truly turnkey development opportunity. The asking price is $629,500, with a land value of $9.96 per square foot. This property represents a compelling investment in a rapidly growing area of Los Angeles County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palmdale
- County
- Los Angeles
- State
- California
- Longitude
- -118.148
- Latitude
- 34.6424
