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May 27, 2018

Land For Sale in Needles, California


Property # 1178254 Available $879,900.00



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http://www.land.net/view.php?v_id=1178254


   Property Information

Property Sub-TypeCommercial
Multi-Family
Office
Other Landn.a.
Property Name40+ acres on LillyHill
Property Address 11800 LillyHill Dr.
Property Address 2n.a.
Property Town/CityNeedles
Property CountySan Bernardino
Property StateCalifornia
Property ZIP/Postal Code 92363
MLS #n.a.
Section/Block/Lotn.a.
ZoningCRR + R2
Lot Size Sq. Ft.1,759,388
Lot Frontage Ft.1,320
Lot Depth Ft.1,320
No. Lots2
Current UseVacant/Owner-Used
Best UseMixed Commercial Res
Environmental Issuesna
UtilitiesYes
WaterCity
SewerAt corners on Lillyhill
Property Description Two Prime 20+ acres ready to be developed. The parcel numbers 0185-233-62 & 63. They are across Needles Senior Center and 900 ft from Needles Hospital. The front 20 ac piece is zoned CRR and would allow multifamily, hotels, RV park,... The back 20.39 ac is zoned R2 but may be rezoned to R3.
Area DescriptionThe City of Needles is experiencing extraordinary attention due to Cannabis industry. The city is projected to experience growth in the workforce who in turn would need housing and services. Be ahead of the curve.


   Financial Information

Sales Price $$879,900.00
Gross Revenue $n.a.
Total Expenses $n.a.
Taxes $$500.00
Net Operating Income $n.a.
Cap Rate0.00%
Price Per Sq. Ft. $$0.50
Year Ending2018
1031 Exchange?Yes
Financing/TermsCash, Conventional, OR 5-year balloon with 50% down @ 8% interest.


   Major Tenants

Tenant #1n.a.
Sq. Ft. #1n.a.
Lease Ends #1n.a.
Tenant #2n.a.
Sq. Ft. #2n.a.
Lease Ends #2n.a.
Tenant #3n.a.
Sq. Ft. #3n.a.
Lease Ends #3n.a.
Tenant #4n.a.
Sq. Ft. #4n.a.
Lease Ends #4n.a.
Tenant #5n.a.
Sq. Ft. #5n.a.
Lease Ends #5n.a.

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