Listing Summary
Situated on Amethyst Rd in Victorville, California, the Victorville Storage Development presents a lucrative investment opportunity within the Riverside-San Bernardino-Ontario Metropolitan Statistical Area, boasting a robust population of 4.7M residents.
Full Description
Situated on Amethyst Rd in Victorville, California, the Victorville Storage Development presents a lucrative investment opportunity within the Riverside-San Bernardino-Ontario Metropolitan Statistical Area, boasting a robust population of 4.7M residents. Priced at $1,100,000, this development spans across 4.29 acres, offering a substantial rentable square footage of 85,303. The property is identified by its APN number 3105-221-10-0000, designated as vacant land with a zoning classification of NEC (Non-Essential Commercial) in San Bernardino County. Conveniently located at the cross streets of Amethyst Rd & Seneca Road and near Palmdale Blvd (Highway 18), the site benefits from a traffic count of 8,596, ensuring accessibility and visibility for potential customers. This fully entitled site, available for a competitive price of $5.89 per land sq. ft., is primed for development and is adjacent to the University Preparatory School, tapping into the local community's needs for storage solutions. With high occupancy rates and strong market demand, this development capitalizes on the region's population density, boasting 8.90 sq. ft. per capita. As the 17th largest Metropolitan Statistical Area in the country, the Riverside-San Bernardino-Ontario MSA offers significant growth potential, with a three-mile population of 91,000 and a five-mile population of 172,000. The area's high population growth, coupled with a median household income of $70K, underscores the economic viability of this investment. Moreover, the property is strategically positioned amidst new residential construction projects, indicating sustained demand for storage solutions. Benefitting from its proximity to the I15 and Highway 395 corridors, this storage development is poised to cater to the needs of both residential and commercial clients, further solidifying its position as a lucrative investment opportunity in the thriving Victorville area.
Quick Glance
- Listing ID:
CL-California-12804
- Status:
Active
- Year Build:
N/A
- Building Size:
186,716 SqFt
- Lot Size:
N/A