$3,500,000 $18,789 est/mo Sourced by Back At You

1 Augusta Circle,Apple Valley, CA 92308

Apple Valley CA, 92308

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Description

Positioned at the heart of Apple Valley's vibrant community, the 14-acre development opportunity at One Augusta Circle is a gem awaiting visionary developers and investors. This commercial parcel, offering 127 lots, is a canvas for creativity in a region marked by rapid population growth and a burgeoning interest from national builders. Apple Valley, celebrated for its expanding presence in the High Desert, combines natural beauty with strategic location advantages. This property boasts easy freeway access, placing it within walking distance to a variety of essential amenities and leisure options including Target, movie theaters, Best Buy, Home Depot, restaurants, and more. It's adjacent to a serene lake and close to a golf course, nestled in the bustling town center of Apple Valley, which is known for its welcoming community. A pivotal feature of this opportunity is its proximity to the planned Brightline West high-speed train project, promising to connect Apple Valley with Las Vegas. This initiative, expected to be completed before the Olympics, positions Apple Valley as an essential hub in the fast, efficient travel corridor between these two destinations, enhancing the property's value and appeal. The current exploration of strategic partnerships or outright sale is fueled by the desire to capitalize on this unique property's potential. Engagements with various stakeholders have outlined clear paths for potential land uses, particularly focusing on the development of an RV park or compact, efficient casitas, each offering substantial profit opportunities: RV Park: Investment in infrastructure for the RV park is projected to cost incrementally, allowing for phased development. Each lot could yield a profit margin of $40,000 to $60,000, making it a highly lucrative project with an estimated total sales potential of $15 million and a net profit of approximately $7 million based on phased investments and sales. Casitas: The development of small homes (600 to 900 sq. ft.) on this land could command significant market interest, with a construction strategy that emphasizes phased development to manage costs effectively. The potential for sales in the casita project is estimated to reach up to $40 million, with profits potentially soaring to $20 million, offering an enticing avenue for investors looking for substantial returns.

Details

MLS#WS24065133
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site104
Listing Provided ByCOMPASS 310-230-5478 | Jinglin YUE
Buying Commision$0

Features

ZoningPRD
Acreage14.00
Property ViewYes

Market Activity 92308

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountySan Bernardino
CityApple Valley
Zip Code92308
AreaAPPV Apple Valley
Listing VS Median (in 92308)
Price:
$3,500,000
low | high
Med:
$405,000
100% of Average
On Site:
104
low | high
Med:
57.000000
100% of Average
Sourced by Back At You
Listing Updated: July 19, 2024 at 1:43:46 PM PDT