Land for sale

Overview

PRIME DEVELOPMENT OPPORTUNITY IN A DESIGNATED OPPORTUNITY ZONE! This 6.29-acre parcel situated at the coveted northeast corner of 3rd Ave and Willow Street in Hesperia. The seller has diligently advanced plans with the City of Hesperia and is currently in phase 1 of planning to realize a visionary project92 units on a spacious 274, 325 sq ft lot. Envision a meticulously crafted community boasting 40 thoughtfully designed 1 Bed - 1 Bath units, each generously sized at 875 sq.ft, and 52 inviting 2 Bed - 2 Bath units, offering comfortable living at 1077 sq.ft. The property has witnessed a commendable rent growth of approximately 2.8% over the past year, with vacancies at a mere 1.6%. Beyond the numbers, this development promises a lifestyle upgrade with amenities such as a kids' playground, refreshing pool, convenient dog park, and a vibrant community centerall seamlessly integrated into the site plan. Surrounding the property are existing houses, and the area is witnessing a surge in new developments, making it a focal point for growth. The strategic location, in close proximity to the 15 freeway, ensures easy accessibility. For those heading North on I-15, take the Main Street exit, turn right, then left onto 3rd Ave. The lot occupies the northeast corner of 3rd Ave and Willow St.The listed price encompasses the architectural and engineering contract, with additional architectural plans available upon request. The project is diligently moving towards CONDITIONAL APPROVAL, offering a streamlined path for the discerning buyer. Seize this opportunity to shape the future of this thriving community. Buyer to collaborate with the city on future usage.