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Listed by John Stephens • KW COMMERCIAL
$ 2,600,000
Est. payment | /mo
7,774 SqFt
$ 2,600,000
Est. payment | /mo
7,774 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,774 sqft
Price per Sqft $334
MLS Listing ID CRCV24208870
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1972
Lot Size 4.757 Acres
Property Description
Presenting a unique chance to acquire a multifamily property at 21905 Powhatan Rd, Apple Valley, CA, featuring 13 existing units with significant expansion potential. This strategically located property boasts additional land zoned under the recently approved Village Specific Plan, allowing for the development of up to 92 units, while retaining its grandfathered multifamily zoning status. Key Features: - Current Units: 13 well-maintained multifamily units, providing immediate rental income. - Development Potential: Additional land available for the construction of up to 92 units, offering a lucrative opportunity for expansion. - Zoning Advantages: Recently transitioned to the Village Specific Plan, yet the property benefits from grandfathered multifamily zoning, ensuring a seamless development process. - Infrastructure Ready: City water and sewer lines are already plumbed to the property, simplifying the construction of new units and reducing upfront development costs. - Prime Location: Situated in the growing community of Apple Valley, this property is conveniently located next to a park and community center, near shopping, schools, and recreational facilities, making it attractive to prospective tenants. This property represents an exceptional investment opportunity in a thrivi
Location
State CA
County San Bernardino
Interior
Fireplace No
Laundry Other
Building
Lot Description Level, Other
Water Public
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