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$129,000
Est. payment /mo
28.33 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25273485
HOA Y/N No
Lot Size 28.330 Acres
Property Description
GREAT investment opportunity!
28.33 acres, with two dual-panel income producing billboards and commercial cannabis potential. Two hours from Los Angeles.
Enjoy cash flow from the moment of ownership! This property has two dual-panel income producing billboards with long term demonstrated cash flow (approximately 50 years), leases are 15 year and automatically renew (14-years remaining in current lease) with Sun Advertising who manages and maintains the billboards.
The property allows for commercial cannabis cultivation (requires conditional use permit) - for growing up to six acres of plants! Located in an Opportunity Zone for potential tax benefits.
This property is zoned residential so you can build your own home/manufactured home here, or to house someone who will take care of your crops! Utilities won't be a problem - there is an electric pole nearby (approx. 1000 feet) or go solar! Well-water is available or install a refillable tank, septic system needed for this area.
The property is situated along Hwy 14/Hwy 395 - the major corridor connecting Los Angeles to Mammoth Mountain, Lake Tahoe, and Reno. It is located on Sterling Rd. and is only 1/2 mile from conveniences such as a small market and Shell gas station. The rear of the property is bordered by BLM land so you'll never have a neighbor behind you. Ridgecrest/China Lake is located approximately 20 miles away and Lancaster about 1 hour.
If you've been waiting for the right opportunity to come along, this is it.
28.33 acres, with two dual-panel income producing billboards and commercial cannabis potential. Two hours from Los Angeles.
Enjoy cash flow from the moment of ownership! This property has two dual-panel income producing billboards with long term demonstrated cash flow (approximately 50 years), leases are 15 year and automatically renew (14-years remaining in current lease) with Sun Advertising who manages and maintains the billboards.
The property allows for commercial cannabis cultivation (requires conditional use permit) - for growing up to six acres of plants! Located in an Opportunity Zone for potential tax benefits.
This property is zoned residential so you can build your own home/manufactured home here, or to house someone who will take care of your crops! Utilities won't be a problem - there is an electric pole nearby (approx. 1000 feet) or go solar! Well-water is available or install a refillable tank, septic system needed for this area.
The property is situated along Hwy 14/Hwy 395 - the major corridor connecting Los Angeles to Mammoth Mountain, Lake Tahoe, and Reno. It is located on Sterling Rd. and is only 1/2 mile from conveniences such as a small market and Shell gas station. The rear of the property is bordered by BLM land so you'll never have a neighbor behind you. Ridgecrest/China Lake is located approximately 20 miles away and Lancaster about 1 hour.
If you've been waiting for the right opportunity to come along, this is it.
Location
State CA
County Inyo
Zoning R
Interior
Fireplace No
Exterior
Community Features Urban
Utilities Available None, Water Not Available
View Y/N No
View None
Building
Lot Description 26-30 Units/Acre
Water None
New Construction No
Others
Senior Community No
Tax ID 0371902400
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
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Listed by Pamela Chyba California LWF INC 5613164807, DRE #01273673
NEARBY SCHOOL & BUSINESS
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