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5th St W
Palmdale, CA 93551

Land For Sale · 12.33 AC

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Investment Highlights

Unencumbered development site located at a signalized intersection.
High visibility from Antelope Valley Freeway (CA Hwy 14) and Palmdale Boulevard.
Anticipated regional employment market growth.

Parcel Size and zoning allow for multiple potential uses.
Adjacent to the Palmdale Regional Medical Center.

Executive Summary

CBRE presents the opportunity for qualified buyers to acquire and develop this site located at 5th Street W and Palmdale Boulevard in the heart of Palmdale, Los Angeles County, California. The approximately 12.33-acre site is zoned Commercial/Residential with a focus on health and wellness, allowing for multiple uses including medical/professional offices, assisted living/congregate care, supportive retail/services, workforce housing, and senior housing. Palmdale is a family-oriented community with a high quality of life and is the “Aerospace Capital of the World.” Aerospace and service-related jobs are anticipated to increase jobs in Palmdale by 35.8% over the next ten years. It is the fastest-growing city in Los Angeles County and among the fastest growing in the US by population.

PROPERTY FACTS

Sale Type	Investment or Owner User	Property Subtype	Commercial
No. Lots	1	Total Lot Size	12.33 AC
Property Type	Land

Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Total Lot Size	12.33 AC

1 Lot Available

Lot

Lot Size	12.33 AC

Lot Size	12.33 AC

12 Acre sit adjacent to the Palmdale Regional Medical Center.

Description

The Site is located adjacent to the State-of-the-Art $200 million Palmdale Regional Medical Center, a 157-bed hospital with a STEMI (ST Elevation Myocardial Infarction) Receiving Center, a full-service emergency room, a surgical center, and additional outpatient rehabilitation services and specialized wound care. With a staff of nearly 800 employees, the Palmdale Regional Medical Center has become a magnet attracting other medical service providers and allied businesses to the area. The site is positioned at the gateway to Palmdale and west of the Antelope Freeway (CA-14), while accessible to over 2,000,000 SF of retail including the nearby Antelope Valley Mall. It is approximately 30 minutes north of San Fernando and Santa Clarita Valleys and less than one hour north of downtown Los Angeles.

PROPERTY TAXES

Parcel Number	3004-004-037	Improvements Assessment	£0
Land Assessment	£841,000	Total Assessment	£841,000

PROPERTY TAXES

Parcel Number

3004-004-037

Land Assessment

£841,000

Improvements Assessment

£0

Total Assessment

£841,000

zoning

Zoning Code	PDC4*
PDC4*

Listing ID: 11539780
Date on Market: 09/02/2018
Last Updated:
Address: 5th St W, Palmdale, CA 93551

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