5th St - Lot 1

Build-to-Suit or For Sale One of the premier locations within Palmdale’s “Trade and Commerce” zone, this corner property with exceptional visibility from the 14 freeway, is steps from Palmdale Blvd., a 190-bed Palmdale Regional Medical Center, and within 1 mile of the city major commercial district with shopping and restaurants. Zoned as Visitor Commercial, the site is ideal for extended and long-term residences as well as a multitude of by-right uses including Restaurants, Drive-Throughs, Family Day Care, Civic and Government, Retail, Medical, Veterinary, Office, Banks, and many more. Developer has designed a “by-right”120-unit long-term stay apartment home development. Palmdale boasts overall average weekday hotel vacancies under 30% and overall average weekend vacancies under 20%. These are fueled by the aerospace industry in Antelope Valley, which is home to Lockheed Martin, Northrop Grumman, & NASA. As well as team athletics, as Antelope Valley is home to a National Soccer Center & the Big 8 Softball Complex. The proposed design would be a best-in-class development. Within the formerly master planned Palmdale Trade and Commerce District, these parcels have utilities on site and by-right developments are CEQA exempt*. *All information to be verified with the City of Palmdale