-40%
Lancaster Industrial Property - Opportunity Zone!!
$ 105072
- Description
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Description
MAJOR PRICE REDUCTION AND SELLER FINANCING BRING THIS OPPORTUNITY WITHIN REACH!!The right entrepreneur could buy this property with only ,900 downpayment and use this 2.5 acre industrial property to make a fortune. Is that you?
Based on my extensive research, I believe a large manufacturing facility can be constructed for approximately 0,000, making the property worth more than .6 million. I can share with you building plans and other information.
The property is an ideal springboard for raising money. The property was recently designated as an "Opportunity Zone," which creates substantial tax advantages for investments related to this property, including not only the land but also businesses that ultimately will be based here.
The property is in the City of Lancaster, one of the most pro-business cities in Los Angeles County.
The property's Light Industrial zoning allows a very wide range of activities.
Most banks won't lend money to buy land, and those that do generally won't lend more than 50%. That means that if you want to buy land you normally need a lot of cash upfront. To help expand the market of potential buyers, I'm willing to provide substantial seller financing. Specifically, for any trusted buyer, I am happy to provide Seller Financing for up to 90% of the purchase price. The interest rate would be 4.2% and the term would be 30 years with no prepayment penalty. For the purchase price of 9,000, all of this would mean that a
10% downpayment would be ,900 and the monthly payment would be 5
. Because there is no pre-payment penalty, you could choose to pay off the loan sooner if you want.
The property is just one parcel away from the main facility for the Antelope Valley Transit Authority ("AVTA"). AVTA is converting its entire bus fleet to
electric
buses and is keen on having solar power for charging all the buses, which creates a need for AVTA and its energy partners for more land near the main facility.
APN: 3128-009-030
Traditional escrow procedure to be used for closing.