Vic Avenue J10 75 Ste

Description

5.18 ACRES LAND IN TWO PARCELS, VIRTUALLY SURROUNDED BY CITY Two parcels of 2.59+- acres each, totaling 5.18+- acres, zoned A-2 (Heavy Agriculture, allows single family residence as well) in Roosevelt (Lancaster), CA 93535. The City vitually surrounds this parcel, encroaching on it from the north, east, and west sides, and in fact directly adjacent to its west boundary. This appears to be an excellent buy and hold land-bank investment as Lancaster continues to grow, for the City will almost certainly want to annex this property in the future. When will a developer come calling, wishing to purchase this property at a high price or joint venture it into a significant project? One day, almost certainly. This property is located at approximately Avenue J10 and 75th/76th Street East in the neighborhood of Roosevelt, which is a neighborhood within the larger Lancaster market. There are scattered homes, farms, businesses, an elementary school, and more in the vicinity. The land is flat desert topography, with views of the desert and distant mountain ranges. From satellite photos it appears these and neighboring parcels have been farmed at some point in the past, potentially indicating good groundwater. This property is inside of the City of Lancaster's Sphere of Influence, which is the area the City is planned to grow into in the future. Electricity lines are present 0.6 miles to the south along Avenue K. Well and septic are the typical water and waste disposal types in this market area at present should you be purchasing with the intent to build. This property is located just 0.6 miles north of Avenue K (paved, with electricity), fronting 75th Street East. Los Angeles County APN's 3384-011-013 and 3384-011-016 GPS 34.680455, -117.995231 (on the approximate boundary between the two parcels) What3Words ///fronting.device.soft

Listing information courtesy of: Robert Kennerson, Robert Kennerson Real Estate 775-835-3825. *Based on information from the Association of REALTORS/Multiple Listing as of 11/10/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.