Listing photo for 1686 Sierra Highway, Acton, CA
Listing photo for 1686 Sierra Highway, Acton, CA
Listing photo for 1686 Sierra Highway, Acton, CA
Listing photo for 1686 Sierra Highway, Acton, CA
Listing photo for 1686 Sierra Highway, Acton, CA
Previous View the Previous slide Next View the next slide

1686 Sierra Highway,

Acton, CA

$2,500,000

8.54 Acres

This is an incredible opportunity to own property along the (14) Freeway, adjacent to the on and off ramps. Located in the Antelope Valley Sub-market, the zoning is wide-ranging which allows for a myriad of uses. Tenant occupies approx. 3.73 acres paying$105,000 per year (NNN Lease). Their lease expires 10/1/2019. There is a possibility the Tenant can leave early if the Buyer prefers to use the property. The adjacent ~4.8 acres is available now. Buyer may use the available space or lease it out to a new tenant. Strong demand throughout this cycle has compressed vacancies to a historically low level of 3.8%. While retail centers in affluent neighborhoods have been driving demand throughout this cycle, the last year has primarily benefited the outlying parts of the metro, such as the Antelope Valley. Rent growth has been moderating as of late, yet here too the outlying parts of the metro have posted the biggest year-overyear growth rates. Retail development has been modest over the last four quarters, following a large wave of deliveries in the first half of 2017 that were matched with strong leasing activity. Investment activity has been stable over the last six quarters and at about the metro's historic average. Even as big box stores closed, their large spaces have been routinely snapped up by other retailers or nontraditional users of retail stores.

Facts & Features
MLS® # PW18129654
Price $2,500,000
Acres 8.54
Type Lot-Land
Sub-Type Lots and Land
Status Active
Community Information
Address 1686 Sierra Highway
Area Acton (ACTO)
Subdivision Rancho Santiago (RHST)
City Acton
County Los Angeles
State CA
Zip Code 93510
Amenities
View No View
Is Waterfront No
Has Pool No
Interior
Fireplace No
Exterior
Lot Description 6-10 Units/Acre
Additional Information
Date Listed May 21st, 2018
Days on Market 454
Zoning A-1, CR, Rural Commercial
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Agent Erin Williams(01994295)
Office First Team Real Estate
Photo of Devon Wortmann

Devon Wortmann

Cell: 949.463.1888

Based on information from California Regional Multiple Listing Service, Inc. as of August 20th, 2019 at 5:57am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

What's Your Home Worth? Find out now, for Free.

Let's Go