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±7 AC Prime Retail Development with High-Visibility Corridor
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Auction #
515 -
Lot Size:
±6.71 acres -
Transaction Fee:
5% (Min US $25,000)
±7 AC Prime Retail Development with High-Visibility Corridor
Land For Sale in Victorville, CA
14426 Palmdale Rd., El Elvado Plaza , Victorville, CA 92392FRE Auctions and RPM are pleased to present the Online Auction Plus® Event (allows for contingencies) for this Strategic ±7 AC Retail Opportunity in the Economic Engine of Victor Valley, CA.
***Seller has strong LOI in-hand from national tenant for a corporate guaranteed 15-year NNN lease with favorable terms***
El Elvado Plaza provides ±300,000 SF of buildable area for a substantial commercial development. The 5 adjacent parcels are strategically situated in a high-traffic corridor within Victorville, the largest commercial center between San Bernardino and the Nevada border.
Property Information:
- High Visibility & Accessibility: Situated on Palmdale Road, with high daily traffic counts of over ±25,000 vehicles per day in sections, and up to ±40,000 cars/month near Cobalt Rd, ensuring prominent exposure.
- Established Commercial Hub: Anchor tenants adjacent and across the lot (CVS Pharmacy, Cardenas and Arco) provide a consistent customer traffic.
- Retail Corridor: The surrounding Palmdale Rd. corridor features numerous national and regional chains (Starbucks, Denny's, IHOP, Stater Bros. Markets, Five Below, Raising Cane's) creating a robust retail destination that draws consumers from the surrounding areas.
- Freeway Access: Conveniently located just 1.4 miles west of the I-15 freeway exit, enhancing accessibility for a broader regional customer base.
- Zoning: ±6.71 acres (±292,243 SF) zoned C-2 General Commercial, permitting a wide range of uses including retail, mixed-use, and service and medical businesses.
- Opportunity Zone Designation: A significant portion of the property falls within an Opportunity Zone, offering potential tax benefits for investors.
Opportunity Zones - U.S. Department of Housing and Urban Development
Location Information:
- Victorville has a projected population exceeding 141,000 residents by 2025, and the broader Victorville-Hesperia-Apple Valley metro area anticipated to reach 619,000 by the same year, marking a 1.98% increase from 2024. The city's median household income was reported at $67,099 as of 2023, indicative of a healthy consumer base.
- Victorville's economy is driven by a consistent consumer base and robust workforce. The Southern California Logistics Airport (SCLA) is a major employment hub for companies like Boeing, Keurig Dr. Pepper, Newell Brands, and Plastipak Packaging, healthcare facilities such as Desert Valley Hospital, and Victor Valley College contribute to a consistent consumer base.
PLEASE NOTE: Some images were taken from Google Maps and may not reflect the current view and/or property topography.
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Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access AgreementFinancing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.
Conditions may be included with your bid
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Conditions may be included with your bid
El Elvado Plaza
Victorville, CA 92392
Conditions may be included with your bid
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San Bernardino County
Victorville, CA -
Property Type: Commercial Property
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Lot Size: ±6.71 acres
-
Transaction Fee: 5% (Min US $25,000)
FRE Auctions and RPM are pleased to present the Online Auction Plus® Event (allows for contingencies) for this Strategic ±7 AC Retail Opportunity in the Economic Engine of Victor Valley, CA.
***Seller has strong LOI in-hand from national tenant for a corporate guaranteed 15-year NNN lease with favorable terms***
El Elvado Plaza provides ±300,000 SF of buildable area for a substantial commercial development. The 5 adjacent parcels are strategically situated in a high-traffic corridor within Victorville, the largest commercial center between San Bernardino and the Nevada border.
Property Information:
- High Visibility & Accessibility: Situated on Palmdale Road, with high daily traffic counts of over ±25,000 vehicles per day in sections, and up to ±40,000 cars/month near Cobalt Rd, ensuring prominent exposure.
- Established Commercial Hub: Anchor tenants adjacent and across the lot (CVS Pharmacy, Cardenas and Arco) provide a consistent customer traffic.
- Retail Corridor: The surrounding Palmdale Rd. corridor features numerous national and regional chains (Starbucks, Denny's, IHOP, Stater Bros. Markets, Five Below, Raising Cane's) creating a robust retail destination that draws consumers from the surrounding areas.
- Freeway Access: Conveniently located just 1.4 miles west of the I-15 freeway exit, enhancing accessibility for a broader regional customer base.
- Zoning: ±6.71 acres (±292,243 SF) zoned C-2 General Commercial, permitting a wide range of uses including retail, mixed-use, and service and medical businesses.
- Opportunity Zone Designation: A significant portion of the property falls within an Opportunity Zone, offering potential tax benefits for investors.
Opportunity Zones - U.S. Department of Housing and Urban Development
Location Information:
- Victorville has a projected population exceeding 141,000 residents by 2025, and the broader Victorville-Hesperia-Apple Valley metro area anticipated to reach 619,000 by the same year, marking a 1.98% increase from 2024. The city's median household income was reported at $67,099 as of 2023, indicative of a healthy consumer base.
- Victorville's economy is driven by a consistent consumer base and robust workforce. The Southern California Logistics Airport (SCLA) is a major employment hub for companies like Boeing, Keurig Dr. Pepper, Newell Brands, and Plastipak Packaging, healthcare facilities such as Desert Valley Hospital, and Victor Valley College contribute to a consistent consumer base.
PLEASE NOTE: Some images were taken from Google Maps and may not reflect the current view and/or property topography.
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access Agreement
Financing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.