GREAT investment opportunity!
28.33 acres, with two dual-panel income producing billboards and commercial cannabis potential. Two hours from Los Angeles.
Enjoy cash flow from the moment of ownership! This property has two dual-panel income producing billboards with long term demonstrated cash flow (approximately 50 years), leases are 15 year and automatically renew… Read More (14-years remaining in current lease) with Sun Advertising who manages and maintains the billboards.
The property allows for commercial cannabis cultivation (requires conditional use permit) - for growing up to six acres of plants! Located in an Opportunity Zone for potential tax benefits.
This property is zoned residential so you can build your own home/manufactured home here, or to house someone who will take care of your crops! Utilities won't be a problem - there is an electric pole nearby (approx. 1000 feet) or go solar! Well-water is available or install a refillable tank, septic system needed for this area.
The property is situated along Hwy 14/Hwy 395 - the major corridor connecting Los Angeles to Mammoth Mountain, Lake Tahoe, and Reno. It is located on Sterling Rd. and is only 1/2 mile from conveniences such as a small market and Shell gas station. The rear of the property is bordered by BLM land so you'll never have a neighbor behind you. Ridgecrest/China Lake is located approximately 20 miles away and Lancaster about 1 hour.
If you’ve been waiting for the right opportunity to come along, this is it. Read Less
Listing Snapshot
Days Online
83
Last Updated
Lot Size
28.33 Acres
MLS Number
PW25273485
Additional Details
Property Access
Road Surface: Paved
Community
Urban
Home Owner's Association
Association Fee: $0
Lot
28.33 acres, TwentySixToThirtyUnitsAcre
Taxes
Additional parcels description:, Parcel Number: 0371902400, Zoning: R
Utilities
None, WaterNotAvailable
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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