Bear Valley - 4.92 Acre Multi Family Zoning Bear Valley Rd 4.92 Acres of Residential Land Offered at $474,752 CAD in Apple Valley, CA 92307

PRIME APARTMENT ZONED 4.92-ACRE CORNER LAND PARCEL AT THE NORTHWEST CORNER OF BEAR VALLEY RD. AND MESQUITE. THIS PROPERTY HAS A TREMENDOUS TRAFFIC COUNT. LOCATED RIGHT ON UPSCALE BEAR VALLEY ROAD IN THE CITY LIMITS OF APPLE VALLEY
Description: This prime 4.92-acre corner land parcel is located at the northwest corner of Bear Valley Road and Mesquite. Bear Valley Road is known as the main thoroughfare of the Victor Valley. This property is situated about .46-miles to the east of Central and about .5-miles to the west of Joshua. The property is in close proximity to the well-maintained Bear Valley Mobile Home Park. Across the street from the property on the south side of Bear Valley Road is the Valli Hi Mobile Home Park. Also, this property is located about 1.47-miles east of the intersection of Navajo and Bear Valley Road, where you will find a 7-11 and a major shopping center, anchored by Stater Brothers, Jack in the Box, Radio Shack and Arby’s. At the southeast corner of Bear Valley and Navajo is Apple Valley High School that already has a large student population. This High School is a modern and technologically advanced facility, boasting of its own professional sports stadium. This 4.92-acre land parcel is situated about 1.23-miles northeast of Apple Valley High School.
Zoning: RM (Multi-Family Residential). The RM zoning permits up to 20 apartment, condominium, or townhouse units per acre, subject to the requirements and development approval of the city of Apple Valley.
Price and Terms: $349,000. After the down payment, the balance can be financed over 5 years at 7.5% interest.