240 Ste Vic Ave, Lake Los Angeles, CA 93591
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.