1686 Sierra Highway, Acton, 93510

REDUCED 16% Lot-Land - Lots and Land For Sale in Rancho Santiago (RHST)

$2,500,000

Beds
Baths
Sqft
8.54Acres
Built
424DOM
MLS® #: PW18129654
Active, 424 Days on Market

This is an incredible opportunity to own property along the (14) Freeway, adjacent to the on and off ramps. Located in the Antelope Valley Sub-market, the zoning is wide-ranging which allows for a myriad of uses. Tenant occupies approx. 3.73 acres paying$105,000 per year (NNN Lease). Their lease expires 10/1/2019. There is a possibility the Tenant can leave early if the Buyer prefers to use the property. The adjacent ~4.8 acres is available now. Buyer may use the available space or lease it out to a new tenant. Strong demand throughout this cycle has compressed vacancies to a historically low level of 3.8%. While retail centers in affluent neighborhoods have been driving demand throughout this cycle, the last year has primarily benefited the outlying parts of the metro, such as the Antelope Valley. Rent growth has been moderating as of late, yet here too the outlying parts of the metro have posted the biggest year-overyear growth rates. Retail development has been modest over the last four quarters, following a large wave of deliveries in the first half of 2017 that were matched with strong leasing activity. Investment activity has been stable over the last six quarters and at about the metro's historic average. Even as big box stores closed, their large spaces have been routinely snapped up by other retailers or nontraditional users of retail stores.

Essential Information

MLS® #: PW18129654
Price: $2,500,000
Acres: 8.54
Type: Lot-Land
Sub-Type: Lots and Land
Status: Active

Community Information

Address: 1686 Sierra Highway
Area: Acton (ACTO)
Subdivision: Rancho Santiago (RHST)
City: Acton
County: Los Angeles
State: CA
Zip Code: 93510

Amenities

View: No View

Exterior

Lot Description: 6-10 Units/Acre

Additional Information

Date Listed: May 21st, 2018
Days on Market: 424
Zoning: A-1, CR, Rural Commercial

Listing Details

Listing Agent: Erin Williams(01994295)
Listing Office: First Team Real Estate

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Listing information last updated on July 20th, 2019 at 4:47pm PDT.

Based on information from California Regional Multiple Listing Service, Inc. as of July 20th, 2019 at 4:48pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.