Quail Lake Road

Gorman, CA 93536
$8,288,000
Courtesy of Kidder Mathews of California, Inc.

Description

We are pleased to present a unique opportunity consisting of +/-60 acres on 3 parcels of primarily flat commercial land along the 5 Freeway at the intersection of Highway 138. With 3 freeway off-ramps/on-ramps directly onto the property, the property, which has already paved roads, is well-positioned for a developer to take advantage of the 250,000+ vehicles per day traveling along one of the busiest freeways in the world that provides access to Los Angeles ports, Central Valley agricultural businesses, San Francisco tech hubs, and the entire West Coast. Ownership has a land use survey completed by David Evans and Associates, Inc. which can be made available for qualified buyers. Potential uses include hotels/motels, drive-through services, utility-scale solar energy, along with a myriad of other options, which the Buyer shall rely on their own due diligence and investigations to confirm in full. With nearby future developments including the fully entitled 12,000+ acre Centennial at Tejon Ranch Master Planned Community approximately 3 miles away, which include 19,000+ homes and 10MM+ square feet of retail/public/business park/office space/civic development,the next owner of these parcels may be well positioned for significant growth over the coming years. Also nearby is Pyramid Lake only 5 miles to the South, and the Tejon Ranch Commerce Center just 8 miles to the North. APN's included are: 3252-011-016, 3252-011-023, 3252-011-022. Contact the listing team today for additional information regarding this unique opportunity.
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  • Property Details
      • View:Hills
      • Acres:60.1874
      • Property type:Purchase
      • County:Los Angeles
      • Original List Price:$8, 288, 000
      • MLS #:23289297
      • Cost:8288000
      • Property subtype:Land
      • MLS #:23289297

Location

The Alcantara GroupReal Estate Group
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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