16166 Sierra Hwy 0.76 Acres of Commercial Land Offered at $2,757,000 CAD in Santa Clarita, CA 91390

Presenting to you your next investment/development opportunity in the city of Santa Clarita. This property is made up of 4 parcels with approximately 2.55 acres of land. There is a ~0.76 acre commercial zoned area at the front of the property, bordering Sierra Hwy. The remaining 3 parcels are zoned residential with a 2 bed, 1 bath, 789 sq ft single family home and detached garage sitting on the larger of the three parcels. The property is on a private propane system and well water. The property has been well maintained, is fully fenced in, and just had the driveway repaved in recent years. A rare feature of this property is that it also has a natural underground spring running through the property. This property is located right off Sierra Highway, which had an Annual Average Daily Traffic count of ~120,000 in 2022 so great visibility with lots of traffic passing by the property daily. The C-3 zoned frontage plus adjoining residential lots means you can explore mixed-use, retail pad with attached townhomes, or a standalone neighborhood, letting you target the best, risk/return profile. This property is conveniently located near freeway access, shopping centers, schools, parks, and hiking trails. Santa Clarita is considered one of the faster growing cities in LA County with major developments like Sand Canyon Plaza, Skyline Ranch, and Valencia by FivePoint all completing soon as well as regional job/housing growth and transit/capital improvements nearby.