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Avenue M Vic - Entitled Industrial Land 39.08 Acres of Industrial Land Offered at $10,600,000 in Lancaster, CA 93535
Investment Highlights
- 40-acre site entitled for up to 807,000 square feet of light industrial development on a thriving industrial corridor
- Light Industrial Zoning allows for a wide range of industrial uses
- Easy-to-access via the 14 and 138 Freeways, and I-5, granting a day's truck drive to Los Angeles, San Diego, Las Vegas, San Francisco, and Phoenix
- Ideal industrial location surrounded by a population of 366,127 within a 10-mile radius.
Executive Summary
Located approximately one mile from the State Route 14 Freeway, this approximately 40-acre site is entitled for up to 807,000 square feet of light industrial development. The rectangular parcels feature level topography and are currently unimproved. The site is zoned LRLI for City of Lancaster Light Industrial.
This expansive site is just blocks from Palmdale Regional Airport, a major military and aerospace hub offering private and corporate aviation services, aircraft maintenance, and hangar facilities. The property benefits from excellent regional access via the 14 and 138 freeways, and Interstate 5, providing direct connectivity south to Los Angeles and northwest to Bakersfield. An established concentration of dining, retail, and essential services is located within a 3-mile drive.
The immediate area is a growing industrial corridor with significant operations, including a newly developed 1,000,000-square-foot Trader Joe’s distribution center. Within a 10-mile radius, approximately 17% of the workforce is employed in warehouse-related occupations, supported by a skilled labor pool where 81% of residents hold a high school diploma or higher. This property presents an exceptional opportunity for investors or developers seeking versatile entitlements, prime access, and robust workforce support in a thriving industrial market.
This expansive site is just blocks from Palmdale Regional Airport, a major military and aerospace hub offering private and corporate aviation services, aircraft maintenance, and hangar facilities. The property benefits from excellent regional access via the 14 and 138 freeways, and Interstate 5, providing direct connectivity south to Los Angeles and northwest to Bakersfield. An established concentration of dining, retail, and essential services is located within a 3-mile drive.
The immediate area is a growing industrial corridor with significant operations, including a newly developed 1,000,000-square-foot Trader Joe’s distribution center. Within a 10-mile radius, approximately 17% of the workforce is employed in warehouse-related occupations, supported by a skilled labor pool where 81% of residents hold a high school diploma or higher. This property presents an exceptional opportunity for investors or developers seeking versatile entitlements, prime access, and robust workforce support in a thriving industrial market.
Property Facts
| Price | $10,600,000 | Proposed Use | |
| Sale Type | Investment | Total Lot Size | 39.08 AC |
| No. Lots | 1 | Cross Streets | 2nd Street West |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Industrial | ||
| Zoning | LRLI | ||
| Price | $10,600,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 39.08 AC |
| Cross Streets | 2nd Street West |
| Opportunity Zone |
Yes |
| Zoning | LRLI |
1 Lot Available
Lot
| Price | $10,600,000 | Lot Size | 39.08 AC |
| Price Per AC | $271,238.49 |
| Price | $10,600,000 |
| Price Per AC | $271,238.49 |
| Lot Size | 39.08 AC |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Los Angeles
3,990,456
71
1 h 24 m
San Diego
1,425,976
167
3 h 25 m
Las Vegas
644,644
248
4 h 50 m
San Jose
1,030,119
319
6 h 10 m
San Francisco
883,305
366
6 h 55 m
Phoenix
1,660,272
393
7 h 22 m
Access and Labor Force
10 Miles
Total Population
366,127
Total Labor Force
168,944
Unemployment Rate
6.09%
Median Household Income
$78,748
Warehouse Employees
28,636
High School Education Or Higher
81.00%
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $3,723,000 | Total Assessment | $3,723,000 |
Property Taxes
Parcel Numbers
Land Assessment
$3,723,000
Improvements Assessment
$0
Total Assessment
$3,723,000
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Avenue M Vic - Entitled Industrial Land
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