Gorman, CA 93536,46838 N Peace Valley Road

$640,000

Est. payment /mo

$788,000

18.8%
Est.Price: ?

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46838 N Peace Valley Road Gorman, CA 93536

56.05 Acres Lot

SOLD DATE : 08/15/2024

Key Details

Sold Price $640,000

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CL24393327

Lot Size 56.049 Acres

Property Sub-Type Unimproved Land

Property Description

We are pleased to present a unique opportunity consisting of +/-58.57AC of vacant land along the 5 Freeway and in close proximity to the intersection of Highway 138. The offering consists of two parcels, with one 56-acre parcel that fronts both Peace Valley Road and Ralph Ranch Road, as well as a 2nd 2.5-acre parcel that fronts Ralph Ranch Road and the 5 Freeway. Both parcels offer phenomenal visibility to the 5 Freeway and are well-positioned for a developer or owner user to take advantage of the 250,000+ vehicles per day traveling along one of the busiest freeways in the world that provides access to Los Angeles ports, Central Valley agricultural businesses, San Francisco tech hubs, and the entire West Coast. With nearby future developments, including the 12,000+ acre Centennial at Tejon Ranch Master Planned Community approximately 3 miles away, which include 19,000+ homes and 10MM+ square feet of retail/public/business park/office space/civic development, the next owner of these parcels may be well positioned for significant growth over the coming years. Also nearby is Pyramid Lake only 5 miles to the South, and the Tejon Ranch Commerce Center just 8 miles to the North. Contact the listing team today for additional information regarding this unique opportunity.

Location

State CA

County Los Angeles

Zoning LCA1

Exterior

View Y/N true

View Greenbelt, Hills

Building

New Construction No

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Bridge MLS
Listed by Neville Graham • Avenue 8, Inc.
Bought with LivaniYoakum
Devin Ratoosh

Devin Ratoosh

Broker Associate | License ID: r01820096

+1(510) 919-5499

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