0 Bowman RdRidgecrest, CA 93555

Property Details for 0 Bowman Rd

Lot size

18.27 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 18.27-acre commercial land parcel, located at 100 E Bowman Road in Ridgecrest, California (zip code 93555), presents a unique investment opportunity. Currently zoned commercial, the property offers significant potential for multifamily development. The City of Ridgecrest has expressed openness to considering a multifamily project on this site, making it an attractive proposition in a market with limited new multifamily housing. No market-rate multifamily housing has been constructed in Ridgecrest in over 30 years, creating a strong demand. The property's strategic location, just east of a Walmart Supercenter and numerous restaurants and stores, ensures high visibility and convenient access. The proximity to the China Lake Weapons Station, employing 4,500 individuals, further enhances its appeal. With an average household income in the $85,000 range, the area boasts a strong demographic profile for multifamily development. The ongoing $3 billion in base improvements underscores the region's robust economic growth. The property's APN is 343-351-06, 07, 08. This is a rare chance to acquire a large tract of land with significant upside potential in a thriving California community. The asking price is $1,875,000.

Location Insight

City

Ridgecrest

County

Kern

State

California

Latitude

35.608

Longitude

-117.628

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