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30550167
30550168

3400 W Avenue M8, Lancaster, CA 93536

$269,900
484 days on market
Updated 4 days ago

3400 W Avenue M8

Details
APN 3111014025
Property Type Land
Sub Type Lots/Land
Acreage 4.536

Land | 4.536 acres

Marketing description

Over 4.5 acres in prime Quartz Hill/West Lancaster! Excellent opportunity to purchase a sizable corner lot within Lancaster's ''semi-rural'' luxury corridor, a neighborhood of million-dollar custom homes and multiple gated communities. This property sits at the northeast corner of Ave M-8 and 35th west. On the southwest corner of this intersection are the highly regarded Pulte homes, in which multiple homes have traded at over $900,000 in recent months. Immediately west of this property, a developer recently submitted a 32-lot tract proposal to the city. The zoning in this area is believed to allow for 2 homes per acre, which would mean that this property could potentially provide for 8 half-acre lots, and 16 units could be built on those 8 lots with the new ADU laws. Given this potential, this property may be perfect for a custom or tract home builder. There is currently strong demand for luxury new homes in the Antelope Valley. All utilities are believed to be available nearby for connection. By virtue of having street frontage, there is no need for easements or building access roads, which is the case for some of the land parcels in this area. A church may also be a nice possibility for this property with its corner lot location within a quiet area. Lastly, this property may also be well-suited to someone looking for an oversized lot to build a sprawling custom estate with ample room for a tennis court, horse facilities, guest houses, etc. Typical custom home lots in this area are 2.5 acres, so this property provides more size while being similarly priced to the 2.5 acre
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