16149 Yates Road, Victorville, CA

Land for Sale - $2,500,000 - 8 acres


Agent Info

Robert Basen
Coldwell Banker Commercial Real Estate Solutions

Property Info

CIMLS#1146881
Location
  16149 Yates Road
  Victorville CA 92395
UpdatedMarch 3rd, 2024
TypeLand
Price$2,500,000
Land8 acres

Property Description

**OPPORTUNITY** 8.76 acres prime City of Victorville vacant land centrally located to Shopping, Schools, Churches, Parks, and Freeway. In anticipation of thousands of new ecommerce fulfilment jobs coming to the Victor Valley preliminary architectural design was started to begin the entitlement process for a new 144-unit multi-family residential project. The city of Victorville has approved the zone change and the property is zoned multi-family residential. Entitlements for this project have been approved. The subject property currently has an existing 3,221sf residential unit that has been converted to office and public gathering use and an unfinished 19,000 square foot concrete tilt-up that was previously approved for a church. All plans, approvals and permits for the unfinished church project have expired and would need to be re-submitted for approval. Buyer to verify with the city. The Victor Valley is expecting thousands of new jobs opportunities with the projected 25,000,000 square feet of new industrial development currently under construction or in the planning stages. There will be a huge need for services and housing to accommodate the projected growth, here is an opportunity to acquire a large parcel land that is centrally located to the projected new jobs, schools, parks, shopping, and Interstate 15.


Financials


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