$1,249,999

About this home

This 3.41-acre Zoned Commercial Planned Unit Development (PUD) is situated within a New Market Tax Credit area, recognized as a Qualified Investment Area by the U.S. Treasury*. The Victorville Planning Department has designated the site for multiple uses, including a larger medical service facility, educational center, retail, office space, and various other possibilities. Its location within a Federal Tax Credit area enhances its appeal for development. Accessibility and convenience for potential patients or customers are critical factors when selecting a development site. A location in a growing area with high traffic and minimal competition presents an excellent opportunity to attract and serve the local community. For instance, this parcel in West Victorville is well-suited for a medical facility offering urgent care, doctor's offices, dentistry, acute care, and additional services. The city of Victorville has zoned the site as PUD/Commercial, permitting a range of medical and commercial uses. Additionally, the flat and buildable nature of the site can help lower construction costs and timelines. To the immediate north, a Tentative Tract Map (TTM) has been approved for the development of over 200 single-family residences as of February 2024. The site is conveniently located near US 395 and SR 18 (Palmdale Rd), with a current population of approximately 150,000 within a 5-mile radius, providing a substantial customer base for the facility. Daily traffic counts on US 395 and Palmdale Rd are around 25,000 vehicles per day per road (2023). This represents a unique opportunity to secure a prime development site for medical or other services in a rapidly growing area characterized by strong demand and limited supply. *Consult with your financial and licensed tax partners. Street address is part of the APN; no street address has been assigned.

Facts & features

Location