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0 2 Mile - 77 Home Development Opportunity

31 Acres of Residential Land Offered at £994,273 in Twentynine Palms, CA 92277

Investment Highlights

  • Marine Corps Air Ground Combat Center

Executive Summary

77-unit build-to-rent opportunity

Data Room Click Here to Access

Property Facts

Price £994,273
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 31.00 AC

1 Lot Available

Lot

Price £994,273
Price Per AC £32,073
Lot Size 31.00 AC

31 acres of vacant land

Description

CBRE is pleased to present a 77-unit build-to-rent opportunity in Twentynine Palms, CA. Located on a ±31-acre site at the intersection of Two Mile Rd and Adobe Rd, this property has an approved tract map for 77 single-family homes. A significant advantage of this location is its proximity to the Marine Corps Air Ground Combat Center, one of the largest military training areas in the nation. The proximity to the base ensures a steady demand for housing, providing potential for stable rental income. In addition to the base, nearby attractions include Joshua Tree National Park, Sky’s The Limit Observatory, and the 29 Palms Creative Center and Art Gallery. Essential amenities like the Twentynine Palms Shopping Center, Tortoise Rock Casino, and diverse dining options further enhance the locations appeal. Combining its strategic location with the surrounding amenities, this property represents a prime investment opportunity in the region.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0621-222-01
Land Assessment
£119,571
Improvements Assessment
£0
Total Assessment
£119,571

zoning

Zoning Code NEC (Vacant Land)
NEC (Vacant Land)
  • Listing ID: 29975604

  • Date on Market: 05/11/2023

  • Last Updated:

  • Address: 0 2 Mile, Twentynine Palms, CA 92277

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