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Listed by Gregg Cochran • SmokeTree Commercial
$ 1,398,880
Est. payment /mo
Active
0 Parkdale Road Adelanto, CA 92301
1,742,400 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 1,742,400 sqft
Price per Sqft $0
MLS Listing ID CROC25175109
HOA Y/N No
Lot Size 40.000 Acres
Property Sub-Type Unimproved Land
Source Datashare California Regional
Property Description
OPPORTUNITY, NEW MARKET TAX CREDIT AND RECYCLING ZONE AREA. INSTITUTIONAL FINANCING AVAILABLE. Water, Water, Water! Property sits atop the Oestre Aquifer. Per CSUF this is one of the largest aquifers in the state! Estimated at 2300 ACFT Yr. 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, New Market Tax Credit Zone and State Recycling Zone area. According to the IRS, Opportunity Zones are designated economically disadvantage communities that offer tax incentives to investors who reinvest their capital gains in Qualified Opportunity Funds (QOFs) which are used to purchase real estate in OZs for development in these areas. Some of the tax benefits may include: - Temporary deferral of taxes on previously earned capital gains which, was recently made permanent in the 2025 Tax Act. - Lowered investment requirements after acquisition of the asset(s). - Basis step-up of previously earned capital gains invested in QOFs for at least 5 years. - Permanent exclusion of taxable income on new gains from QOF investments held for at least 10 years. It is highly advised to align with the appropriate professionals on your team to understand and implement some or all of these opportuni
Location
State CA
County San Bernardino
Interior
Fireplace No
Exterior
View Mountain(s), Other
Building
Lot Description Corner Lot, Level
Water None
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