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0 Nisqualli Rd - 18.33 Ac land (Nisqualli Rd & 11th Ave)

18.33 Acres of Commercial Land Offered at $5,400,000 in Victorville, CA 92395

Investment Highlights

  • Southeast corner of Nisqualli Road & Eleventh Avenue.
  • Close to 15 FWY (Easy access).
  • Residential development opportunity.
  • 18.33 ac of the rectangular lot.
  • Heart location in the city of Victorville.

Executive Summary

Upon receiving an offer or letter of intent, architectural drawings will be made available. It is recommended that the buyer independently verify the accuracy of all information with the relevant professionals.

Property Facts

Price $5,400,000
Sale Type Investment
Sale Conditions 1031 Exchange
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Single Family Development
Total Lot Size 18.33 AC

1 Lot Available

Lot

Price $5,400,000
Price Per AC $294,599
Lot Size 18.33 AC

The parcel of land measuring 18.33 acres is located at the intersection of Nisqualli Road and Eleventh Avenue in the northeast corner. The subject property is NOT entitled land.

Description

This exceptional opportunity presents itself to Investors and Developers who are seeking to acquire a highly desirable land parcel in the City of Victorville. It is important to note that the subject 18.33-acre parcel (3092-401-04) is currently not entitled land. However, the current owner has diligently worked on a comprehensive plan for a remarkable apartment project consisting of 264 units. Situated in the sought-after city of Victorville, this expansive lot spans an impressive 798,454 square feet, making it a prime location for development. The proposed project encompasses a total of 255,156 square feet, offering a diverse range of living options. It includes ninety-nine (99) 1-bedroom units, one hundred thirty-two (132) 2-bedroom units, and thirty-three (33) 3-bedroom units, catering to various housing needs. The development also boasts an array of amenities that enhance the residents' quality of life. These amenities include a refreshing pool and spa, a tennis court for recreational activities, and a generous parking space allocation of five hundred thirty-six (536) spots, with two hundred thirty-four (234) of them being covered. To further assist potential buyers in visualizing the project, architectural drawings will be made available upon the submission of an offer or a letter of intent. It is important for the buyer to exercise due diligence and independently verify the accuracy of all information provided by consulting with appropriate professionals. This ensures that the buyer is well-informed and can make informed decisions regarding this exceptional investment opportunity.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3092-401-04
Land Assessment
$948,191
Improvements Assessment
$0
Total Assessment
$948,191

zoning

Zoning Code R-3 (High density residential zone)
R-3 (High density residential zone)
  • Listing ID: 31483638

  • Date on Market: 4/11/2024

  • Last Updated:

  • Address: 0 Nisqualli Rd, Victorville, CA 92395

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