117 Begonia

Victorville, CA 92392

$1,249,999

List Price

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Property Description

This 3.41-acre Zoned Commercial Planned Unit Development (PUD) is situated within a New Market Tax Credit area, recognized as a Qualified Investment Area by the U.S. Treasury*. The Victorville Planning Department has designated the site for multiple uses, including a larger medical service facility, educational center, retail, office space, and various other possibilities. Its location within a Federal Tax Credit area enhances its appeal for development. Accessibility and convenience for potential patients or customers are critical factors when selecting a development site. A location in a growing area with high traffic and minimal competition presents an excellent opportunity to attract and serve the local community. For instance, this parcel in West Victorville is well-suited for a medical facility offering urgent care, doctor's offices, dentistry, acute care, and additional services. The city of Victorville has zoned the site as PUD/Commercial, permitting a range of medical and commercial uses. Additionally, the flat and buildable nature of the site can help lower construction costs and timelines. To the immediate north, a Tentative Tract Map (TTM) has been approved for the development of over 200 single-family residences as of February 2024. The site is conveniently located near US 395 and SR 18 (Palmdale Rd), with a current population of approximately 150,000 within a 5-mile radius, providing a substantial customer base for the facility. Daily traffic counts on US 395 and Palmdale Rd are around 25,000 vehicles per day per road (2023). This represents a unique opportunity to secure a prime development site for medical or other services in a rapidly growing area characterized by strong demand and limited supply. *Consult with your financial and licensed tax partners. Street address is part of the APN; no street address has been assigned.

Listing Information

List Price $1,249,999
Status Active
MLS OC25024169
HOA $0
Type Land
Lot Size 148,539
Structure Size N/A
DOM 9
Courtesy Of SmokeTree Commercial
Listing Agent Gregg Cochran DRE#01135909

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Gregg Cochran, SmokeTree Commercial 949-667-0322. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 11th, 2025 at 11:56 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.