Avenue R near 20th St East
Palmdale, CA 93550
Ave R Multi-Family Development Site · Land For Sale · 2.04 AC

2.04 +/- acres multi-family development site located in the state *Opportunity Zone! RN-2 zoning allows 10-20 DU/AC and current density bonuses could increase the yield considerably! Preliminary drawings utilizing available density bonuses prepared by seller show a potential for 80 units! This is a great infill location nestled between 2 churches with over 200ft of frontage along Avenue R and SFR to the south! Avenue R is currently undergoing street widening and signal improvements to help increase its traffic capacity to better accommodate this growing area! *Opportunity Zone: Palmdale’s designated census tract zones lets businesses invest for valuable tax benefits. Invest-ments made by individuals through special funds in these zones defer or eliminate federal taxes on capital gains. https://www.irs.gov/newsroom/opportunity-zones