Commercial

Tejon Highway & East Sycamore Road

Listing Price: $8,976,409

Lot Size
61.36 acres
Price/Acre
$146,291
Land Type
Land

Investment Overview

Marcus and Millichap is pleased to have been chosen to Underwrite for Value and produce this BOV (Broker Opinion of Value) for approximately 61.36 acres of vacant A (Ag) zoned land located in Arvin, California. Specifically located at the SEC of Sycamore Road & Tejon Highway bounded by Tejon Highway on the west and Malovich Road on the east. This vacant land has (2) APN #s: 189-352-02 and 189-352-08 respectively. Collectively, the acres are currently going through the process of a GPA (General Plan Amendment) and Zone Change as follows;

8.01 acres General Commercial, C-2
32.89 acres Light Industrial, M-2
13.46 acres Medium Density Residential, R-2
7.00 acres High Density Residential, R-4

The purpose of this BOV is to determine FMV (Fair Market Value) of these lands based on the final approved zones and acreages in bulk, respectively.

The property is located in a predominantly Hispanic community which is heavily influenced by the growth of Agriculture. This soil is some of the most fertile growing ground in the San Joaquin Valley. Aided by the development growth of Tejon Ranch located off Interstate 5 just below the grapevine, Arvin is a smaller quaint community that may anticipate some ancillary growth. The community of Arvin is pro-growth and is developer friendly. With moderate land prices and growth moderately controlled, Arvin could be postured for future sustained development growth.

The jobs in agriculture along with those available at Tejon Ranch could provide the basis for housing and other development needs. There are plans for a very large scale Indian Casino within 20 minutes of Arvin in the not too distant future. The time to develop is in front of a new economic growth cycle. Arvins economic future appears to be getting brighter.

Investment Highlights

  • These properties are located on a main frontage Road
  • There are rooftops in the surrounding areas.
  • Arvin is a Developer friendly community
  • Easy access from multiple Highways
  • There is very high rental demand in the area
  • Location, Location, Location

Exclusively Listed By

Listing Price: $8,976,409

Lot Size
61.36 acres
Price/Acre
$146,291
Land Type
Land

Investment Highlights

  • These properties are located on a main frontage Road
  • There are rooftops in the surrounding areas.
  • Arvin is a Developer friendly community
  • Easy access from multiple Highways
  • There is very high rental demand in the area
  • Location, Location, Location

Investment Overview

Marcus and Millichap is pleased to have been chosen to Underwrite for Value and produce this BOV (Broker Opinion of Value) for approximately 61.36 acres of vacant A (Ag) zoned land located in Arvin, California. Specifically located at the SEC of Sycamore Road & Tejon Highway bounded by Tejon Highway on the west and Malovich Road on the east. This vacant land has (2) APN #s: 189-352-02 and 189-352-08 respectively. Collectively, the acres are currently going through the process of a GPA (General Plan Amendment) and Zone Change as follows;

8.01 acres General Commercial, C-2
32.89 acres Light Industrial, M-2
13.46 acres Medium Density Residential, R-2
7.00 acres High Density Residential, R-4

The purpose of this BOV is to determine FMV (Fair Market Value) of these lands based on the final approved zones and acreages in bulk, respectively.

The property is located in a predominantly Hispanic community which is heavily influenced by the growth of Agriculture. This soil is some of the most fertile growing ground in the San Joaquin Valley. Aided by the development growth of Tejon Ranch located off Interstate 5 just below the grapevine, Arvin is a smaller quaint community that may anticipate some ancillary growth. The community of Arvin is pro-growth and is developer friendly. With moderate land prices and growth moderately controlled, Arvin could be postured for future sustained development growth.

The jobs in agriculture along with those available at Tejon Ranch could provide the basis for housing and other development needs. There are plans for a very large scale Indian Casino within 20 minutes of Arvin in the not too distant future. The time to develop is in front of a new economic growth cycle. Arvins economic future appears to be getting brighter.

Exclusively Listed By

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