12
See all 12 photos
Listed by Gregg Cochran • Gregg Cochran, Broker
$1,499,000
Est. payment /mo
1,742,400 SqFt
Active
0 Parkdale Road El Mirage, CA 92301
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
11/21/2024 02:28 AM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 1,742,400 sqft
Price per Sqft $0
MLS Listing ID CROC18199737
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 40.000 Acres
Property Description
OPPORTUNITY ZONE Area. 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. Th
Location
State CA
County San Bernardino
Interior
Fireplace No
Exterior
View Mountain(s)
Building
Lot Description Corner Lot, Level
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
GET MORE INFORMATION
QUICK SEARCH