Property Detail

Description

GREAT investment opportunity! 28.33 acres, with two dual-panel income producing billboards and commercial cannabis potential. Two hours from Los Angeles. Enjoy cash flow from the moment of ownership! This property has two dual-panel income producing billboards with long term demonstrated cash flow (approximately 50 years), leases are 15 year and automatically renew (14-years remaining in current lease) with Sun Advertising who manages and maintains the billboards. The 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 own home/manufactured home here, 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, septic system needed for this area. The property is situated along Hwy 14/Hwy 395 - the major corridor connecting Los Angeles to Mammoth Mountain, Lake Tahoe, and Reno. 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 youve been waiting for the right opportunity to come along, this is it.