Property Detail

Description

Opportunity knocks! Have you heard real estate is a good investment? Well this is a GREAT investment! This is a deal you don't want to pass up - 28 acres, with income producing billboards, cannabis potential AND only two hours from DTLA! It doesn't get any better than this AND it is priced to sell fast! Enjoy cash flow from the moment of ownership! This property has TWO income producing billboards (four sides) with long term leases already in place (14-year renewable leases with Sun Advertising) that generates income while you sit back, relax and enjoy the majestic views of the famous Sierra Nevada mountain range. Not only that, but this property allows for commercial cannabis cultivation (requires conditional use permit) - for growing up to six acres of plants! Located in an Opportunity Zone for potential tax benefits. This property is zoned residential so you can build your dream home or place a manufactured home here while you build your empire, or to house someone who will take care of your crops! Utilities won't be a problem - there is an electric pole nearby (approx. 1000 feet) or go solar! Well-water is available or install a refillable tank and installing a septic system is common for this area. The property is situated along Hwy 14/Hwy 395 - the major corridor connecting Los Angeles to Mammoth. It is located on Sterling Rd. and is only 1/2 mile from conveniences such as a small market and Shell gas station. The rear of the property is bordered by BLM land so you'll never have a neighbor behind you. Ridgecrest/China Lake is located approximately 20 miles away and Lancaster about 1 hour. If you’ve been waiting for the right opportunity to come along, this is it. Whether it’s your first big investment or your next, reach out and let’s see if this is the one that works for you.