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1 Augusta Circle, Apple Valley, CA 92308
$3,500,000
1 Augusta Circle, Apple Valley, CA 92308View this property at 1 Augusta Circle, Apple Valley, CA 92308
1 Augusta CircleApple ValleyCA92308
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Property Description
Positioned at the heart of Apple Valley's vibrant community, the 14-acre development opportunity at One Augusta Circle is a gem awaiting visionary developers and investors. This commercial parcel, offering 127 lots, is a canvas for creativity in a region marked by rapid population growth and a burgeoning interest from national builders.
Apple Valley, celebrated for its expanding presence in the High Desert, combines natural beauty with strategic location advantages. This property boasts easy freeway access, placing it within walking distance to a variety of essential amenities and leisure options including Target, movie theaters, Best Buy, Home Depot, restaurants, and more. It's adjacent to a serene lake and close to a golf course, nestled in the bustling town center of Apple Valley, which is known for its welcoming community.
A pivotal feature of this opportunity is its proximity to the planned Brightline West high-speed train project, promising to connect Apple Valley with Las Vegas. This initiative, expected to be completed before the Olympics, positions Apple Valley as an essential hub in the fast, efficient travel corridor between these two destinations, enhancing the property's value and appeal.
The current exploration of strategic partnerships or outright sale is fueled by the desire to capitalize on this unique property's potential. Engagements with various stakeholders have outlined clear paths for potential land uses, particularly focusing on the development of an RV park or compact, efficient casitas, each offering substantial profit opportunities:
•RV Park: Investment in infrastructure for the RV park is projected to cost incrementally, allowing for phased development. Each lot could yield a profit margin of $40,000 to $60,000, making it a highly lucrative project with an estimated total sales potential of $15 million and a net profit of approximately $7 million based on phased investments and sales.
•Casitas: The development of small homes (600 to 900 sq. ft.) on this land could command significant market interest, with a construction strategy that emphasizes phased development to manage costs effectively. The potential for sales in the casita project is estimated to reach up to $40 million, with profits potentially soaring to $20 million, offering an enticing avenue for investors looking for substantial returns.
Full Property Details
Full Property Details for 1 Augusta Circle
General
- Price: $3,500,000
- Status: Active
- Type: Lots/Land
- MLS ID: WS24065133
- Updated: 4/26/2024
- Days on Market: 64 days
- Added to Site: 64 day(s) ago
Location
- Area: APPV - Apple Valley
- County: San Bernardino
- Development Name: APPV - Apple Valley
- Driving Directions: Apple Valley
Utilities
- Water: Public
Lot Features
- Property View: Mountain(s)
- Lot Size (Acres): 14
- Lot Size (Sq. Ft.): 609,840
- Lot Size Source: Assessor
- Zoning: PRD
- Lot Description: Lake, Park
Financial Considerations
- Price Per Sq. Ft.: $5.74
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed by Compass, Jinglin YUE
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Price & Sales History for 1 Augusta Circle
Date
Details
Price
Change
Source
4/08/2024
Listed
$3,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1 Augusta Circle
1 Augusta Circle, Apple Valley, CA 92308 (MLS# WS24065133) is a Lots/Land property with a lot size of 14.0000 acres. 1 Augusta Circle is currently listed for $3,500,000 and was received on April 08, 2024. Want to learn more about 1 Augusta Circle? Do you have questions about finding other Lots/Land real estate for sale in Apple Valley? You can browse all Apple Valley real estate or contact a Coldwell Banker agent to request more information.