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0000 Sierra Hwy - Lancaster Approved resolution Indl spec plan 9.57 Acres of Industrial Land Offered at $715,000 in Lancaster, CA 93534

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INVESTMENT HIGHLIGHTS

  • Prime industrial land accross rail road track.
  • Truck Terminal/Car salvage yard, Contractor's yard. Download the complete list. City of Lancaster is currently working on the annexation of this area

EXECUTIVE SUMMARY

Selling a parcel of Light Industrial lot located along the spine road Sierra Highway near corner of Avenue E North of Lancaster. City of Lancaster is in the process of annexation of the area rezoning for Industrial Specific Plan update as follows:
The Lancaster City Council approved the Westside annexation and the North Lancaster industrial specific plan package after a public hearing and staff presentation. For details, please copy and past the hyperlink below.
https://citizenportal.ai/articles/5942708/Lancaster-City/Los-Angeles-County/California/Lancaster-Council-approves-Westside-annexation-North-Lancaster-industrial-specific-plan
Key updates on the approval process:
The North Lancaster industrial project is tied to a separate annexation process, where the City of Lancaster will annex unincorporated Los Angeles County land. That process, involving the LA County Local Area Formation Commission, is expected to take place between September and November 2025.
The specific plan seeks to facilitate industrial and commercial development on a 7,153-acre parcel on the west side of Lancaster. It would allow for approximately 38.5 million square feet of industrial and warehouse uses within a 1,860-acre specific plan area.
A proposed development agreement with MPAV Logistics Center LP would cover planning areas 2, 4, 6, 7 and 8, be effective for 15 years with a possible five-year extension, and would freeze fees and the zoning code for eight years.

PROPERTY FACTS

Price $715,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use
Industrial
  • Distribution
  • Hold For Development
  • Hold For Investment
  • Retail Warehouse
  • Self Storage
  • Truck Terminal
  • Warehouse
Total Lot Size 9.57 AC
Zoning M-1 - Per LA County planning dept zoning is Light industrial. Currently in process for annexation with City of Lancaster for Ind'l. Specific Plan zoning.

1 LOT AVAILABLE

Lot 3

Price $715,000
Price Per AC $74,746.92
Lot Size 9.57 AC

Unimproved vacant land with M1-Zoning-Light industrial . Great for buy & hold investors. Recently approved resolution of N Lancaster Ind'l Specific Plan & annexation for Industrial use. See attached documents for complete list of possible use.

DESCRIPTION

Prime Light Industrial Land for SALE. City of Lancaster has identified this area and has included in the development plan for "Industrial Specific PLan". The annexation of this unincorporated area is currently underway and will eventually become part of the jurisdiction of the city of Lancaster. Located in the direction of growth and development, this huge vacant land has tons of potentials. Approximately 9.56 acres with wide frontage along the spine road Sierra highway just north of the city of Lancaster, about 2.7 miles. Electricity is available and located at the rear of parcel. Another road at the rear/west side of the land (secondary road). About 1.32 miles from Fwy 14. Water nearby, about 1/2 mile away, just around the corner of Ave E and Sierra Highway. Great investment for buy and hold investor or owner-user. New Development: The Lancaster City Council approved the Westside annexation and the North Lancaster industrial specific plan package after a public hearing and staff presentation. For details, please copy and past the hyperlink below. https://citizenportal.ai/articles/5942708/Lancaster-City/Los-Angeles-County/California/Lancaster-Council-approves-Westside-annexation-North-Lancaster-industrial-specific-plan Key updates on the approval process: The North Lancaster industrial project is tied to a separate annexation process, where the City of Lancaster will annex unincorporated Los Angeles County land. That process, involving the LA County Local Area Formation Commission, is expected to take place between September and November 2025. The specific plan seeks to facilitate industrial and commercial development on a 7,153-acre parcel on the west side of Lancaster. It would allow for approximately 38.5 million square feet of industrial and warehouse uses within a 1,860-acre specific plan area. A proposed development agreement with MPAV Logistics Center LP would cover planning areas 2, 4, 6, 7 and 8, be effective for 15 years with a possible five-year extension, and would freeze fees and the zoning code for eight years. In addition to the annexation, the meeting also addressed the general plan amendment and pre-zoning necessary for the specific plan, which aims to establish clear developmental rights for the newly annexed area. This comprehensive approach reflects the city’s commitment to strategic planning and sustainable development. Upcoming annexation hearing: The North Lancaster industrial project is tied to a separate annexation process, where the City of Lancaster will annex unincorporated Los Angeles County land. That process, involving the LA County Local Area Formation Commission, is expected to take place between September and November 2025. The specific plan seeks to facilitate industrial and commercial development on a 7,153-acre parcel on the west side of Lancaster. It would allow for approximately 38.5 million square feet of industrial and warehouse uses within a 1,860-acre specific plan area.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3116-014-036
Land Assessment
$143,910
Improvements Assessment
$0
Total Assessment
$143,910
  • Listing ID: 24901338

  • Date on Market: 12/29/2021

  • Last Updated:

  • Address: 0000 Sierra Hwy, Lancaster, CA 93534

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