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Capital Hills Pky - Tehachapi 1,770 Acres 1,770 Acres of Residential Land Offered at $11,500,000 in Tehachapi, CA 93561
Investment Highlights
- Approved Specific Plan!
- Unique Future Development Opportunity!
- Over $8 Mil Invested in Infrastructure
Executive Summary
Property Facts
| Price | $11,500,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Master Planned Community |
| No. Lots | 1 | Total Lot Size | 1,770.00 AC |
| Property Type | Land | ||
| Zoning | A - Agriculture | ||
| Price | $11,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Master Planned Community |
| Total Lot Size | 1,770.00 AC |
| Zoning | A - Agriculture |
1 Lot Available
Lot
| Price | $11,500,000 | Lot Size | 1,770.00 AC |
| Price Per AC | $6,497.18 |
| Price | $11,500,000 |
| Price Per AC | $6,497.18 |
| Lot Size | 1,770.00 AC |
Known as Capital Hills Ranch, this property sits north of Hwy 58, east of Capital Hills Pkwy with 828+/- acres being located within the City of Tehachapi and the remaining 940 acres being located within the City’s Sphere of Influence of Kern County.
Description
Known as Capital Hills Ranch, this property sits north of Hwy 58, east of Capital Hills Pkwy with 828+/- acres being located within the City of Tehachapi and the remaining 940+/- acres being located within the City’s Sphere of Influence of Kern County.. Unique opportunity strategically located between the Cities of Bakersfield, Mojave and Lancaster, and west of Edwards Airforce Base, this is a prime up-and-coming location for future development. The subject is part of the Capital Hills Specific Plan which allows for over 2,000 Residential Units (Suburban, Urban and Mixed Residential – 3,200 to 7,500 SF lots); 383,000± SF Commercial/Office (General Commercial and Highway Commercial); 106± acres for Parks and Open Space; and 17.8± acres for Civic Space (schools, government buildings and cultural venues). Owner currently leases the property to a cattle rancher to assist with carrying costs and maintenance. Subject provides an incredible backdrop for filming which could also assist in a buyer’s carrying costs.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $1,516,960 | Total Assessment | $1,516,960 |
Property Taxes
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Capital Hills Pky - Tehachapi 1,770 Acres
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