Thank you
Jinglin Yue
Compass - Beverly Hills Rodeo
323-763-9102
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.
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Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 14
Lot Size Source: Assessor
Lot Size Square Feet: 609840
Original List Price: 3,500,000
Listing Contract Date: 2024-02-14
Listing Agreement: Exclusive Right To Sell
Parcel Number: 0434692010000
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: APPV - Apple Valley
Directions: Apple Valley
Zoning: PRD
Source Property Type: Land
Area: APPV - Apple Valley
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Off Mountain View Road, Apple Valley, CA,92308 | $39,500 | -- | -- | -- | 435600 Sqft |
Tussing Ranch Road, Apple Valley, CA,92308 | $275,000 | -- | -- | -- | 180774 Sqft |
Ocotillo Way, Apple Valley, CA,92308 | $60,000 | -- | -- | -- | 435600 Sqft |
Ocotillo (back Parcel) .., Apple Valley, CA,92308 | $60,000 | -- | -- | -- | 435600 Sqft |
Bowen Ranch Road, Apple Valley, CA,92308 | $228,900 | -- | -- | -- | 1742400 Sqft |
Melville Road, Apple Valley, CA,92308 | $92,000 | -- | -- | -- | 101494 Sqft |
Memory Lane, Apple Valley, CA,92308 | $85,900 | -- | -- | -- | 217800 Sqft |
Grande Vis Street, Apple Valley, CA,92308 | $500,000 | -- | -- | -- | 1742400 Sqft |
Ocotilla Road, Apple Valley, CA,92308 | $60,000 | -- | -- | -- | -- |
Joshua Road, Apple Valley, CA,92308 | $98,000 | -- | -- | -- | 108900 Sqft |
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ByOwner last updated this listing 05/10/2024 @ 06:24
MLS: WS24065133
LISTED BY: Jinglin YUE, Compass - Beverly Hills Rodeo
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.