LA County Building first New Freeway in 25 Years in Antelope Valley

The Los Angeles Times has reported that buying land and digging begins June 2018. That is correct Cal Trans and Joint Powers Authority has commenced the project for the freeway between Lancaster and Palmdale to San Bernardino. If you own land along P-8 you may be getting a call shortly. The $8 Billion dollar project will connect Hwy 14 to Interstate 15 along a 63 mile route. The environmental impact report has already been approved. This paves the way for land purchases along the route. They have $274 million set aside for land purchases via a sales tax increase from Measure M. Many are complaining about the environmental ecosystems of the burrowing owl, desert tortoise and kangaroo squirrel, but I failed to mention the Joshua tree and many other sensitive life. Many have squirreled away old land purchases in the hopes for development. Well the next few months you may get your opportunity. Much of the land along the route is barren unused land with little to no development in site especially along the eastern part of the valley. This land sells today for $1k/acre to a high of $2k/acre. Sellers may get more due to the need, but eminent domain may push the lower price based on recent sales. There is other land within the city limits of Palmdale and Lancaster that will fetch a much higher price, as the route moves mostly along P-8 and it will feed to the future High Speed Rail. If you have looked to sell or looked to buy then today maybe one of the best opportunities on the east side.

High Desert Corridor Freeway Approved? Time to Buy Land along the Route

The high desert corridor freeway is set to connect from Sierra Hwy and then east to Interstate 15 in Adelanto San Bernardino County. The highway will essentially run by the Cal High Speed Rail Palmdale terminal and run along Ave P-8 in Palmdale. It runs along P-8 and makes a turn north of Sun Village then is will drop down south of Lake Los Angeles and run along Q-10 to Q-12 which are just south of Palmdale Blvd. It will run for miles east to Adelanto and Interstate 15 which connects to Las Vegas. The news about this toll road has been coming down the pike for several years, but now it look like it will actually happen. This will happen long before the Cal High Speed rail arrives in Palmdale. Buying land along this route looks to be a real steal as land along P-8 in Palmdale in mostly industrial land and we can acquire it for a low cost. Also land south of Lake LA going east is very cheap in today’s market. This maybe a time to buy the east side of Antelope Valley and hold for a short term price increase. Contact us at sales@vacantlanddeals.com if you interested in buying along this corridor. The future is now and eastern Antelope Valley maybe a buying opportunity at low prices.