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Nugent Street - Opportunity Zone Transit Orient District

0.06 Acres of Commercial Land Offered at $100,000 in Lancaster, CA 93535

Investment Highlights

  • Opportunity Zone
  • Employment Commercial Zone
  • Transit Orient District

Executive Summary

4 Contiguous Parcels in the New Transit Orient District. UTILITIES IN THE STREET. Zoned for Employment Commercial Zone (EC Zone). Property is also in the OPPORTUNITY ZONE. The Employment Commercial Zone is a flexible, multi-use transition zone between residential areas and industrial areas that accommodates Office and Retail uses in buildings up to 3 stories in height. Per City of Lancaster Permitted Uses in this new zone are: Art Gallery, Bank/Credit Union, Grocery Store/Mini Mart, Personal Services, Restaurants, Retail Store, Prof Ofc, Medical/Dental Ofc, Church, Gov't Ofc, Private/Trade School, Museum, EV Charging Station, Solar Panels, ATM's/Vending Machine, Research and Development and Many Other Uses Upon Director's Review. City info shows building up to 5 stories permitted. See attached City of Lancaster TOD Zone Information Sheet. Approx 1,000 feet from Train Station. ($400k all four parcels)

Property Facts

Price $100,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.06 AC
Cross Streets Trevor Avenue
Opportunity Zone Yes

1 Lot Available

Lot

Price $100,000
Price Per AC $1,742,403
Lot Size 0.06 AC

4 Contiguous Parcels in the New Transit Orient District. UTILITIES IN THE STREET. Zoned for Employment Commercial Zone (EC Zone). Property is also in the OPPORTUNITY ZONE. The Employment Commercial Zone is a flexible, multi-use transition zone

Description

4 Contiguous Parcels in the New Transit Orient District. UTILITIES IN THE STREET. Zoned for Employment Commercial Zone (EC Zone). Property is also in the OPPORTUNITY ZONE. The Employment Commercial Zone is a flexible, multi-use transition zone between residential areas and industrial areas that accommodates Office and Retail uses in buildings. Per City of Lancaster Permitted Uses in this new zone are: Art Gallery, Bank/Credit Union, Grocery Store/Mini Mart, Personal Services, Restaurants, Retail Store, Prof Ofc, Medical/Dental Ofc, Church, Gov't Ofc, Private/Trade School, Museum, EV Charging Station, Solar Panels, ATM's/Vending Machine, Research and Development and Many Other Uses Upon Director's Review. City info shows building up to 5 stories permitted. See attached City of Lancaster TOD Zone Information Sheet. Approx 1,000 feet from Train Station. Each Parcel $100k

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 3138-032-069
  • 3138-034-010
Land Assessment
$105,281
Improvements Assessment
$3,615
Total Assessment
$108,896

zoning

Zoning Code TOD/EC Opportunity Zone (Opportunity Zone, Transit Orient District and Employment Commercial Zone)
TOD/EC Opportunity Zone (Opportunity Zone, Transit Orient District and Employment Commercial Zone)
  • Listing ID: 28290001

  • Date on Market: 4/21/2023

  • Last Updated:

  • Address: Nugent Street, Lancaster, CA 93535

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