Listed by Gregg Cochran • SmokeTree Commercial
$1,398,880
Est. payment /mo
40 Acres Lot
Active
0 Parkdale RD Adelanto, CA 92301
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Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25175109
Lot Size 40.000 Acres
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
OPPORTUNITY, NEW MARKET TAX CREDIT AND RECYCLING ZONE AREA. 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 opportunities to maximize your
Location
State CA
County San Bernardino
Area 699 - Not Defined
Zoning PRKG,DESB,DESF,LWS,LSR,LL
Exterior
View Hills, Local/Neighborhood, Other
Building
Lot Description Grade - Level
Water Other
Others
Tax ID 0457161170000
Special Listing Condition Not Applicable
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