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21536130
21536131

Cuarto St, Lucerne Valley, CA 92356

GC
01135909
Smoke Tree Commercial
Listed by Smoke Tree Commercial
$49,852
485 days on market
Updated 90 days ago

Cuarto #139

Details
APN 044907139
Property Type Land
Sub Type Agricultural, Residential
Price Per Acre $5,226
Broker Co-Op Yes
Acreage 9.540
Zoning LV/RL/AG
Ownership Corporation
Sale Condition 1031 exchange

Special Development Property in New Market Tax Credit Area

Marketing description

Featuring ±9.6-acre parcel of flat, usable land a short distance west of a paved road (Camp Rock) and just south of CA-247 (Old Woman Springs Rd), this parcel is close enough to community services yet far enough to provide privacy and solitude. The property boasts picturesque views of the local mountains and is well-suited for various development opportunities, with power lines running along Camp Rock Road.

· This property is located in a US Treasury qualified Investment Area where the New Markets Tax Credit (NMTC) Program is available. This program incentivizes community development and economic growth by attracting private investment to lower income communities. Investors receive a tax credit against their federal income tax in exchange for making equity investments in Community Development Entities (CDEs).

· Lucerne Valley: This area has a rich history of industry, including agriculture and mining. It was once inhabited by Native American tribes and later developed by settlers who cultivated apple orchards and alfalfa fields.

· Renewable Energy Potential: The site you mentioned could be used for renewable energy projects such as solar, battery storage, or wind. This aligns with the growing trend of sustainable development and the increasing demand for clean energy sources.

· Zoning and Land Use: The RL zoning in Lucerne Valley allows for a variety of uses, including agriculture, animal keeping, educational facilities, and renewable energy projects. This flexibility makes the area attractive for diverse development opportunities.

Additional multiple uses, including accessory agricultural structures, gardens, campgrounds or mobile home parks, equestrian activities, meeting facilities, educational purposes, and sports assembly. In terms of residential applications, the site can accommodate a single- family home with Jr. ADUs, free-standing ADU, guest homes, short-term rentals, childcare facilities, and residential care homes. Acceptable structure types can be traditionally built home, MFG home on a perm foundation, or it may be possible to have a container-converted type structure.

Should the buyer need more land, the contiguous adjacent property of ±10-acre is also available, thereby creating a site containing ±20 acres.

*Street address number is part of APN. Not intended as tax advice, only awareness of potential beneficial programs. Buyer is responsible to satisfy potential uses/benefits to their satisfaction.

Investment highlights

  • Qualified Investment Area

  • New Market Tax Credit (NMTC)

  • Multiple development uses for the site

Listing Contacts

GC
01135909
Smoke Tree Commercial
Listed by Smoke Tree Commercial

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