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    OFF-MARKET
    Land

    240 Ste Vic Ave, Lake Los Angeles, CA 93591

    160 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 160-acre property, located at the corner of 240th Street East and Avenue P in Palmdale, California (zip code 93591), is offered at $40,000,000. The property boasts a prime location at a key intersection, benefiting from excellent access to major highways and transportation routes. Its strategic position is further enhanced by its proximity to the planned High Desert Corridor rail project, promising improved connectivity to Victorville and Las Vegas. Zoned LAC22*, this expansive land parcel presents significant development flexibility, suitable for a wide range of projects, including large-scale commercial, residential, and industrial developments. Potential uses could encompass industrial parks, logistics hubs, resorts, RV parks, or solar energy initiatives. The property's substantial size and versatile zoning make it an attractive investment for developers and investors seeking to capitalize on the region's projected growth. The parcel includes two APNs: 3091-003-015 and 3091-002-007. The current lease expires on November 12, 2025. This represents a unique opportunity to shape the future of Palmdale with a transformative development project.

    Property profile
    Verified
    Property type Land
    Lot 160 ac (6,969,600 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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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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