40 Acres Mixed Use
Multi-Family | Business Park | Industrial
Marketing description
Unlock the potential of 40 acres of prime mixed-use land at the signalized intersection of Avenue H and 30th Street in Lancaster. Zoned for Mixed-Use, allowing multi-family (15-30 units/acre, up to 430 units), business park, and light industrial, this site is ideal for investors or developers seeking to capitalize on the region’s growth. With all utilities available in the street, off-site infrastructure on W Avenue H, and proximity to a freeway off-ramp, the property offers excellent visibility and access. Adjacent to the Antelope Valley Fairgrounds, currently undergoing a $90M expansion, the site is poised for success in a thriving market.
Antelope Valley’s aerospace hub, anchored by Northrop Grumman, Lockheed Martin, and NASA, employs over 20,000 well-paid professionals. Long-term contracts, including $80B for B-21 bomber jets, AI and robotics programs, and the Supersonic X-Plane, drive economic growth. Increased activity at USAF Plant 42 creates immediate technical and assembly jobs, with over 2,500 new positions generating 6,000+ support jobs locally. Lockheed Martin’s new 208,000 SF high-tech manufacturing facility (2022) highlights the region’s commitment to growth.
With no new apartment construction in over 30 years, the Antelope Valley’s affordability fuels a robust rental market, making this site a prime opportunity.
Investment highlights
Strategic Location: 40 acres across four parcels at a hard corner signalized intersection with excellent visibility, minutes from a freeway off-ramp.
Flexible Zoning: Supports multi-family (up to 1,200 units), business park, or light industrial development.
Development-Ready: Utilities in the street and off-site infrastructure on W Avenue H in place.
Nearby Growth: Adjacent to the $90M Antelope Valley Fairgrounds expansion, with 4M SF of industrial space in plan check and seven residential communities under development nearby.
High Demand: Severe housing shortage with strong rental demand driven by affordability and aerospace job growth.
Economic Momentum: Aerospace-driven job creation and major investments position Lancaster for long-term growth.
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