0 Parkdale Road
El Mirage, CA 92301
- – beds
- – baths
- – sqft
- ~40 acre lot
- – on site
OPPORTUNITY ZONE Area. If you are looking for a lucrative investment opportunity with significant tax benefits, you may want to consider this 40 AC parcel located in an Opportunity Zone area. According to the IRS, Opportunity Zones are economically distressed communities that offer tax incentives to investors who reinvest their capital gains in Qualified Opportunity Funds (QOFs) that invest in these areas. Some of the tax benefits include: - Temporary deferral of taxes on previously earned capital gains until December 31, 2026 or until the QOF investment is sold or exchanged, whichever is earlier . - Basis step-up of previously earned capital gains invested in QOFs for at least 5 years (10% increase) or 7 years (15% increase). - Permanent exclusion of taxable income on new gains from QOF investments held for at least 10 years. This parcel has many attractive features that make it a prime candidate for development and growth. It is square in shape and flat, making it easy to build on. It has water rights and 50% mineral rights, which are valuable assets that run with the land. It lies along the southern edge of the approved High Desert Corridor (HDC), a 50-mile expressway that will connect Palmdale and Apple Valley with eight vehicle traffic lanes and two high-speed rail lanes. The northern portion of the parcel is adjacent to an on/off ramp site and a train stop for passengers, which will increase accessibility and traffic flow. The HDC project is expected to boost economic activity, create jobs, and enhance mobility in the region. The site also sits atop 2000+ acre feet of water (annually producing per CSUF Study), which is a scarce and precious resource in California. Electricity and natural gas lines are nearby, providing essential utilities for development. This is a rare opportunity to invest in a property with immense potential upside growth and tax advantages. Don't miss this chance to be part of an innovative community development program that aims to revitalize distressed areas and create long-term value for investors.
Last checked:
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Last updated Dec 9, 2024
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MLS# OC18199737 —
This property is listed in more than one place. See it here.
The Building
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New Construction:No
Location
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Directions:1/2 mile west of Sheep Creek Rd on Parkdale Rd, 1/4 mile east of Tanner Rd. Site shares property line with the old Meadow Brook Dairy, now owned by the Phelan Pinon Hills Community Service District.
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Latitude:34.57475000
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Longitude:-117.58951400
The Property
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Property Type:Land
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Zoning:RL
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Lot Features:Corner Lot, Level with Street, Rectangular Lot, Level
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Lot Size Area:1742400.0000
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Lot Size Acres:40.0000
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Lot Size SqFt:1742400.00
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Lot Size Source:Assessor
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View:1
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View:Mountain(s)
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Current Use Comments:Currently undeveloped. Zone Rural Living w/multiple permissible uses, including/not limited to agricultural and animal keeping. 157.7 Ac parcel to the east (abutting) had a water capacity survey completed which estimates there is approx. 2334 AC Ft of water under this parcel. (Buyer to verify).
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Current Use:Agricultural, Commercial, Residential
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Possible Use:County has indicated a re-zoning with plans, is possible for other uses, such as business park, industrial, manufacturing, gas + C-store/truck stop/car wash/automotive repair. Site abuts newly approved CA Expressway S-330 and is 1/2 or less from on/off ramp at Sheep Creek Rd.
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Possible Use:Commercial, Industrial
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:91.17
The Listing
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Special Listing Conditions:Standard
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Parcel Number:0457161170000
Utilities
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Water Source:See Remarks
The Community
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Features:Rural
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Association:No
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Senior Community:No
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Assessments:None
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Distance To Gas Comments:nearby
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Distance To Water Comments:see remarks
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Distance To Electric Comments:nearby
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/27/21
Feb 27, 2021
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Price Changed | CRMLS_CA | $1,499,000 | 49.9% |
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11/14/20
Nov 14, 2020
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Price Changed | CRMLS_CA | $999,995 | -33.3% (-19.0% / YR) |
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2/14/19
Feb 14, 2019
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Price Changed | CRMLS_CA | $1,499,990 | 0.1% |
