$520,000
$999,999
48.0%For more information regarding the value of a property, please contact us for a free consultation.
Address not disclosed Yermo, CA 92398
657 Acres Lot
Key Details
Sold Price $520,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81780280
Sold Date 03/09/21
HOA Y/N No
Lot Size 657.000 Acres
Property Description
HUGE price reduction! Here is an opportunity to purchase two adjoining parcels located along expanding corridor of Interstate 15, located between Calico Blvd & Minneola Rd. within the City of Yermo. The offering includes 854 acres of BAP yearly water rights and 385 carry over from 2018 per Mojave Water Basin. Water rights to transfer with parcels. Water rights in this region are transferred and purchased at a premium and would provide an investor a high cap rate. There is a profitable development opportunity taking into account this highly trafficked thoroughfare between Southern California and Las Vegas and located near the high-speed rail project that has a federally approved corridor between Las Vegas and Victorville, privately funded by Virgin Trains USA. This 657 acre parcel(s) is split zoned RL & RC. Approx. 400 acres is development ready (zoned RL) for Residential Development and a small percent is (zoned RC) for Resource Conservation.
Location
State CA
County San Bernardino
Zoning RC
Interior
Fireplace No
Exterior
Fence None
Building
Lot Description Horse Property
Water Other, Well
Others
Tax ID 0538171080000
Horse Property Yes
Financing Cash
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Bought with RECIP • Out of Area Office