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NWC 10th Street W & Avenue M-4 - Sierra Business Park 1.45 Acres of Commercial Land Offered at $629,500 in Palmdale, CA 93551

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Investment Highlights

Signalized, corner lot at the entrance to the Sierra Business Park
1.5" water meter in and paid
2 legal lots offers a Phased Development

Frontage on 10th St W with ADT 25,800
Potential Drive-Thru Restaurant with CUP

Executive Summary

2 separate lots totaling 1.45+/- acres offering a prominent, signalized, corner location at the entrance to the “Sierra Business Park”! Great visibility on 10th St West, the primary commercial corridor connecting Lancaster and Palmdale, that boasts an ADT of 25,800! The property had prior site plan approval for 2-6,300sf medical/professional office buildings and there is an existing 1.5” water meter on site. This site also holds great potential for a drive-thru restaurant that would be conditionaly permited! The recently completed “Trader Joe’s” food assembly & distribution facility situated on 104 acres is right across the street on 10th St. W and this 1.03 million square foot project is expected to create 800-1,000 new jobs!

10th St W M-4 Flyer

Property Facts

Price	$629,500	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Industrial Office Hold For Development Medical Research and Development Storefront, Retail or Office
No. Lots	1	Total Lot Size	1.45 AC
Property Type	Land
Zoning	Office Flex (OF) - https://palmdale2045.org/s/PalmdaleTitle17.pdf

Price	$629,500
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Industrial Office Hold For Development Medical Research and Development Storefront, Retail or Office
Total Lot Size	1.45 AC
Zoning	Office Flex (OF) - https://palmdale2045.org/s/PalmdaleTitle17.pdf

1 Lot Available

Lot

Price	$629,500	Lot Size	1.45 AC
Price Per AC	$434,137.93

Price	$629,500
Price Per AC	$434,137.93
Lot Size	1.45 AC

2 separate lots totaling 1.45+/- acres offering a prominent, signalized corner location at the entrance to the “Sierra Business Park”! Great visibility on 10th St West, the main artery connecting Lancaster and Palmdale that boasts an ADT of 25,800!

Description

2 separate lots totaling 1.45+/- acres offering a prominent, corner location at the entrance to the “Sierra Business Park”! Great visibility on 10th St West, the main artery between Lancaster and Palmdale that boasts an ADT of 25,800! The property had prior site plan approval for 2-6,300sf medical/professional office buildings and there is an existing 1.5” water meter on site. Potential Drive-Thru restaurant use with CUP! “Trader Joe’s” food assembly & distribution facility situated on 104 acres right across the street on 10th St. W was recently completed and this new 1.03 million square foot project is expected to create 800-1,000 new jobs!

Property Taxes

Parcel Numbers	Multiple 3111-016-034 3111-016-035	Improvements Assessment	$0
Land Assessment	$373,358	Total Assessment	$373,358

Property Taxes

Parcel Numbers

Multiple

3111-016-034
3111-016-035

Land Assessment

$373,358

Improvements Assessment

Total Assessment

$373,358

(661) 609-8173

Contact

Harvey Holloway
Coldwell Banker Commercial Valley Realty

Listing ID: 31576362
Date on Market: 4/22/2024
Last Updated:
Address: NWC 10th Street W & Avenue M-4, Palmdale, CA 93551

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NWC 10th Street W & Avenue M-4, Palmdale, CA for sale Aerial- Image 1 of 6 — Looking east

NWC 10th Street W & Avenue M-4, Palmdale, CA for sale Aerial- Image 2 of 6 — Looking Northeast

NWC 10th Street W & Avenue M-4, Palmdale, CA for sale Building Photo- Image 3 of 6 — Potential Drive-Thru 01

NWC 10th Street W & Avenue M-4, Palmdale, CA for sale Building Photo- Image 4 of 6 — Potential Drive-Thru 02

NWC 10th Street W & Avenue M-4, Palmdale, CA for sale Aerial- Image 5 of 6 — Lot split

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NWC 10th Street W & Avenue M-4 - Sierra Business Park

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