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Avenue M Sierra Highway, Palmdale, CA

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Avenue M Sierra Highway

Columbia & Sierra Hwy
Palmdale, CA 93551 - Antelope Valley Submarket

Property Type:Land Parcel Size:75.15 Acres
For Sale Price:$4,900,000 Price/Acre:$65,203 Price/SF:$1.50

Proposed Use:Commercial, Retail, Office, Hospitality

On-Site Improv:Raw land

Situated in one of the highest growth regions of California, this offering provides the astute investor a highly desirablecommercial development opportunity with limited risk. The City of Palmdale has seen an enormous increase in property valuations over the last fifteen years. At 6.3 billion in assessed value, Palmdale ranks as number 17 among the highest valued cities in Los Angeles County according to the 2003 Annual Report of the office of the Assessor.

The 75 acres of undeveloped land is located directly across from the newly constructed Los Angeles County Courthouse. The $113 million Courthouse is the cornerstone for future development in the immediate area.

The property is zoned M-4, the general plan calls for a Business Park, including a mix of office, hotel, restaurant, retail, etc. as the intended use for the property. The site is located on a signalized intersection and has more than 2,660 linear feet of frontage on Avenue M. Utilities are to the site at Avenue M.

Market dynamics suggest that this offering not only represents an immediate development opportunity but, also a long term hold asset opportunity.

Sale Notes:
Great Industrial development site with 1/2 mile frontage along Ave M (Columbia Way) that boasts an ADT of 21,300, and adjacent to the Antelope Valley Industrial Park Specific Plan. Positioned right on the border of Palmdale and Lancaster, this parcel offers a strategic mid-cities location with convenient freeway access less than a mile away!

This parcel sits across the street from the Antelope Valley Courthouse and is also in close proximity to AF Plant 42, home to major aerospace contractors including Northrop Grumman, Lockheed Martin, Boeing, McDonald Douglas, General Dynamics, and NASA!

Coldwell Banker Commercial Valley Realty
Harvey A Holloway
(661) 948-2644 x22

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