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    OFF-MARKET
    Land

    0 Dante St, Victorville, CA 92394

    12.53 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 12.53-acre parcel in Victorville, California, presents a remarkable opportunity for multifamily development. Located at 0 Dante St, 92394, this commercially zoned land boasts a Medium Density Multifamily designation, allowing for the construction of 18-30 units per acre, based on zoning regulations. Situated within the Desert Gateway Specific Plan, the property benefits from a planned mix of commercial and residential uses, fostering a transit-oriented lifestyle. Its strategic location offers easy access to the 15 Freeway, enhancing connectivity and accessibility. The property is adjacent to the Northgate Village Apartments, providing a clear indication of existing residential demand in the immediate vicinity. Furthermore, this location is poised to benefit from significant infrastructure developments. The proposed High Desert Corridor is planned to terminate or begin in this area, and the property is also near the proposed Brightline high-speed rail service connecting Apple Valley, CA, and Las Vegas, NV. This prime location, coupled with the favorable zoning and planned infrastructure improvements, makes this a highly attractive investment opportunity for developers seeking to capitalize on the growing demand for multifamily housing in the Victorville area. The asking price for this exceptional development site is $1,071,315. San Bernardino County location.

    Property profile
    Verified
    Property type Land
    Lot 12.53 ac (545,807 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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