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42nd East On Palmdale Blvd, Palmdale, CA 93550

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For Sale

$795,000

Estimated Payment

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APR for 30 years

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East Palmdale ''BUILD NOW'' mixed use parcel at 42nd St East, ON Palmdale Blvd, City of Palmdale. Mixed Use 2, requires commercial use on Palmdale Blvd with high density residential to be developed behind the commercial. Parcel has $3,000 per yr income from a billboard company. Allowed residential density is 20 - 30 units per acre. For both the commercial and residential portions, vertical construction is also allowed. Water line along the front of property on the Blvd. Nearest sewer line appears to be near 40th East. The purpose of mixed use is to allow residents to be in walking distance to some essential services, reducing traffic. Over 3,000 jobs are nearby at Plant 42, the center of aerospace industry in the Antelope Valley, aka ''the aerospace capital of the world''. Plant 42 is home to the Big 3 of aerospace: Boeing, Northrop Grumman, and Lockheed Martin, and includes numerous other aerospace subcontractors. Thousands of jobs at Plant 42 and the Palmdale Air Terminal are just a 7 minute drive from subject parcel. The path of growth for Palmdale is now to the EAST. The City of Palmdale needs housing, affordable housing, as the city has more jobs than residences. ALL CASH. Buyer and buyer's agent to verify all information provided herein by listing broker.
MLS# 23004217

Courtesy Of jpBroker.com

(661) 943-8090

Property Features

  • Architecture Style
    Other
  • Roof Type
    Unknown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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