Located in highly desired west Lancaster at the NE corner of 40th St West & Ave J. Zoned R 7,000 by the City of Lancaster. Zoning allows up to 4 home sites per acre. If your builder can get Additional Dwelling Units (ADU's) approved also, then 8 homes per acre. City of Lancaster has already approved, and a builder has completed, a similar project with 2 homes per lot, just 3/4 miles to the south at 40th West & Ave J-12. Conservatively, parcel could yield 25 home sites and if each lot had an ADU, that would total 50 homes. All utilities are in the street. Major / mature housing just across Ave J to the south. County Fire Station next door on the north. Highest & best use: build now / hold for investment. ALL CASH. Buyer and buyer's agent to verify all information provided herein by listing broker.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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