OPPORTUNITY ZONE Area. More information: https://selectsbcounty.com/major-initiatives/opportunity-zone. If you are looking for a lucrative investment opportunity with significant tax benefits, you may want to consider this 40 AC parcel located in an Opportunity Zone area. According to the IRS, Opportunity Zones are economically distressed communities that offer tax incentives to investors who reinvest their capital gains in Qualified Opportunity Funds (QOFs) that invest in these areas. Some of the tax benefits include: - Temporary deferral of taxes on previously earned capital gains until December 31, 2026 or until the QOF investment is sold or exchanged, whichever is earlier . - Basis step-up of previously earned capital gains invested in QOFs for at least 5 years (10% increase) or 7 years (15% increase). - Permanent exclusion of taxable income on new gains from QOF investments held for at least 10 years. This parcel has many attractive features that make it a prime candidate for development and growth. It is square in shape and flat, making it easy to build on. It has water rights and 50% mineral rights, which are valuable assets that run with the land. It lies along the southern edge of the approved High Desert Corridor (HDC), a 50-mile expressway that will connect Palmdale and Apple Valley with eight vehicle traffic lanes and two high-speed rail lanes. The northern portion of the parcel is adjacent to an on/off ramp site and a train stop for passengers, which will increase accessibility and traffic flow. The HDC project is expected to boost economic activity, create jobs, and enhance mobility in the region. The site also sits atop 2000+ acre feet of water (annually producing per CSUF Study), which is a scarce and precious resource in California. Electricity and natural gas lines are nearby, providing essential utilities for development. This is a rare opportunity to invest in a property with immense potential upside growth and tax advantages. Don't miss this chance to be part of an innovative community development program that aims to revitalize distressed areas and create long-term value for investors.
Prime Land For Investors 4.16 Acres land located at Cholla Ave & Delicious St. in the Adelanto City, California . The land offers convenient access to Highway 395 and I-15 . Within walking distance of Richardson Park Little League Baseball Field , Drive 1 minute to the Adelanto's City Hall and 6 minutes to Southern California Logistics Airport. This Property is zoned MU/Marijuana Cultivation ( MIXED USED- allowing for a Multitude of uses such as Commercial plazas , Hotels , Entertainment Center , restaurants, ......ect...).
The median home value in Adelanto, CA is $350,200. This is lower than the county median home value of $522,500. The national median home value is $338,100. The average price of homes sold in Adelanto, CA is $350,200. Approximately 54.51% of Adelanto homes are owned, compared to 37.58% rented, while 7.91% are vacant. Adelanto real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Adelanto real estate agent to arrange a tour today!
Adelanto, California 92301 has a population of 37,229. Adelanto 92301 is more family-centric than the surrounding county with 35.07% of the households containing married families with children. The county average for households married with children is 33.94%.
The median household income in Adelanto, California 92301 is $58,040. The median household income for the surrounding county is $70,287 compared to the national median of $69,021. The median age of people living in Adelanto 92301 is 28.1 years.
The average high temperature in July is 98 degrees, with an average low temperature in January of 33.1 degrees. The average rainfall is approximately 6.1 inches per year, with 0.6 inches of snow per year.