$2,500,000
About this home
Prime Investment Opportunity in Palmdale, a thriving aerospace hub with a severe housing shortage and robust economic growth. No new apartment developments in over 30 years have created an extreme supply/demand imbalance, perfect for residential development. Key Highlights: High-Demand Market: Home to 20,000+ well-paid aerospace professionals from Northrop Grumman, Lockheed Martin, Boeing, General Atomics, and NASA at USAF Plant 42. Major Economic Drivers: Recent long-term defense contracts, including 80 Billion for B-21 bomber jets, Skunk Works AI and robotics programs, and Supersonic X-Plane development. Job Growth: Immediate technical and assembly jobs, with 2,500+ new positions driving 6,000+ support jobs in the local economy. Regional Commitment: Lockheed Martins new 208,000 SF advanced manufacturing facility (2022) underscores long-term investment in Palmdale. Capitalize on this rare opportunity to develop in a high-growth, underserved market with strong economic fundamentals. Perfect for residential or mixed-use projects.
Facts & features
- Bathrooms
- 0
- Lot size
- 8 acres (348,480 sq ft)
- County
- Los Angeles
- Status
- Active
- Property type
- Land
- Days on market
- 155
- Listed
- 2025-06-01
- Original price
- $2,880,000
- Terms
- Cash
- Parcel #
- 3012025025
- MLS #
- 250039862SD
