Property profile

240 Ste Vic Ave Lake Los Angeles, CA 93591

OFF-MARKET
Land
160 ac lot
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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

Location

240 Ste Vic Ave Lake Los Angeles, CA 93591
Lake Los Angeles metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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