Parkdale, CA

$1,499,000

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1,742,400

Square feet

40.00

Acres

About Parkdale

OPPORTUNITY ZONE Area. More information: https://selectsbcounty.com/major-initiatives/opportunity-zone. 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. The northern portion of the parcel is adjacent to an on/off ramp site and a train stop for passengers, which will increase accessibility and traffic flow. The HDC project is expected to boost economic activity, create job

Features of Parkdale

MLS® # OC18199737
Price $1,499,000
Square Footage 1,742,400
Acres 40.00
Type Lot / Land
Status ACTIVE

Community Information

Address Parkdale
Area ADELANTO (92301)
County San Bernardino
State CA
Zip Code 92301

Amenities

Is Waterfront No

Exterior

Lot Description Corner Lot

Additional Information

Date Listed August 15th, 2018
Days on Market 2132
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeGregg Cochran, Broker

Listing Map

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