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$2,880,000
Est. payment /mo
8 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SDC0001132
HOA Y/N No
Lot Size 8.000 Acres
Acres 8.0
Property Description
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.
Location
State CA
County Los Angeles
Area Palmdale (93550)
Zoning RN-3
Building
Lot Size Range 4+ to 10 AC
Water Available
Others
Acceptable Financing Cash
Listing Terms Cash
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Listed by Stefan Misiraca • Sovessa Inc.