$4,000,000

The subject property consists of approximately 80 acres located on the southwest corner of Pearblossom Highway and 47th E Street in Palmdale, California. The property is located in Los Angeles County a part of the Antelope Valley Plan and is relatively flat in topography with significant frontage on 47th St E as well as Pearblossom Hwy. Adjacent to the property s easterly border is property owned by Antelope Valley Union High School District with plans for future high school. To the south of the property is vacant land, to the west there is an existing residential community, and to the north there is a vacant parcel as well as several medium density residential communities. The property is zoned MXD RU (Rural Mixed Use Development Zone) with a MU-R (Mixed Use-Rural) land use designation which allows for a wide range of potential uses. The property has a recently expired Tentative Map for a large scale mixed use project. Current zoning will allow for the development of various residential product types with a maximum density of up to 5 DU/AC. NOTE: Asking price includes the assumption of the gas station user contract. Please reach out for more information.