$ 1,499,000
0 Parkdale Road El Mirage, CA 92301
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$ 1,499,000
Est. payment | /mo
40 Acres Lot
$ 1,499,000
Est. payment | /mo
40 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC18199737
HOA Y/N No
Lot Size 40.000 Acres
Acres 40.0
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
Area Listing
Zoning RL
Interior
Fireplace No
Exterior
Utilities Available Water/Sewer See Remarks
View Y/N true
View Mountain(s)
Building
Lot Description Corner Lot, Level
New Construction No
Others
Tax ID 0457161170000
© 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.
Listed by Gregg Cochran • Gregg Cochran, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "