In escrow 4-1-10
*listing for a friend, we do not personally own this property
Also up for sale is a 5.63 acre commercial lot “midway” from the Los Angeles area and Mammoth Lakes, California. The parcel is located right at the Kennedy Meadows exit, on the SE corner. The land is flat, rectangular in shape with about 1100 feet of busy highway 395 frontage. Zoning is M-2, light industrial.
Pearsonville, the hubcap capitol of the world, is small but has a busy gas station, Subway sandwich shop, convenience mart, racetrack, and other businesses. The towns of Inyokern and Ridgecrest are about 12 – 20 miles away, respectively, and have about everything you’d need to develop this lot. (Lumber yards, mobile home dealerships, contractors, labor, you name it)
One of the nicest features of this lot has to be the zoning. Light industrial zoning permits the following:
- Agriculture uses of any kind, excluding feedlots, poultry ranches or slaughterhouses;
- All types of manufacture, processing, treatment or assembly of products other than those which may be obnoxious or offensive by reason of odor, dust, smoke, noise or other similar causes including mineral processing or ore stockpiling;
- Wholesale business, storage building and warehouses;
- Furniture manufacture;
- Trucking terminal;
- Laboratory, experimental or testing;
- Wood lot;
- Public and quasi-public buildings and uses of an administrative, recreational, educational, religious, cultural, or public utility or service nature;
- Any other use or service establishment determined by the planning commission to be of the same general character as the foregoing uses, and which will not impair the present or potential use of adjacent properties. (Ord. 955 § 5, 1995: Ord. 943 § 4 (part), 1994.)
The following are accessory uses permitted in the M-2 zone:
A. Accessory buildings and uses customarily incidental to any permitted use when located on the same parcel;
B. One dwelling when occupied solely by a caretaker or watchman and his family. Dwelling shall be limited to a mobile home;
C. Emergency housing, in conformance with the policies stated in the housing element of the Inyo County general plan;
D. Signs and advertising for permitted, accessory or conditional uses in compliance with the provisions of Chapter 18.75 and subject to the requirements of Sections 18.56.050. (Ord. 1007 § 28, 1998; Ord. 943 § 4 (part), 1994.)
And lastly are the conditional uses:
A. Petroleum products storage;
B. Dismantling or junkyard;
C. Race track;
D. Bottling plant including retail and wholesale establishments for the distribution of bottled products manufactured or produced by the industry on the same site;
E. Billboard, electronic sign, informational kiosk, off-site advertising sign, off-site directional sign, and three-dimensional sign in compliance with the provisions of Chapter 18.75 and subject to the requirements of Section 18.56.050;
F. Floor area ratio increases. (Ord. 1077 § 4 (part), 2004: Ord. 1007 § 29, 1998; Ord. 955 § 6, 1995: Ord. 943 § 4 (part), 1994.)
Owner financing is available on this property with $250 down. Buyer will assume a balance of $65,000 to be paid in monthly installments of $584.24/month for 15 years. (7% interest) For anyone wanting in on this commercial land ownership opportunity with a lower month payment, a 30 year term is available as well: installments would be $432.45/mo. (7% interest) A real estate contract will be sent out after the down payment is received and clears. Extra option for cash buyers: take 15% off for a final sales price of $55,250. This is raw land sold as is. All inquiries will be responded to in a prompt manner.
No Commissions!
No Hidden Fees!
No Credit Checks!
No Prepayment Penalties!
Originally the owners bought this property to house (and advertise) their diesel engine repair shop but since then have found a more suitable property. Because they don’t need this lot any longer it would be perfect for someone who would like to own a highway business and have the option to live on the premises as well.
This lot has legal access to the property and rare highway frontage on 395. Kennedy Meadows exit is very easy to find and many travel up to Kennedy Meadows for great fishing, hunting, and hiking. The 395 has a constant stream of travelers night and day and all year round. The zoning is M2 which allows for a variety of commercial uses and limited residential uses. If you wanted to just buy this property and build a single family dwelling, you would be in violation per the planning codes. But you can have an owners/managers quarters on site in conjunction with a commercial use. As it sits right now, this parcel would make a great warehouse site or trucking terminal.
Additional information: Inyo County, M2 Light Industrial, 5 acre minimum. Taxes are current and approximately $150/year. The successful buyer will be responsible for paying the yearly taxes beginning in November 2009. The assessor’s parcel number is 037-203-06. Mineral rights subject to any reservation on record, however, any rights owned will be passed on to buyer. Most utilities are on site or nearby, except for water and septic which will need to be installed prior to development. There is no time limit to build.
Seller carries paper, no extra fees for drawing or mailing documents. Seller holds the deed until paid in full. After full payment is made, we will record the deed in the buyer’s name(s) at no additional charge.
A $250 down payment is all that is needed to own this commercial land. After down payment clears, we will send out the real estate contract.
Seller guarantees lot to be free from liens, encumbrances, back taxes, etc.
QUALITY OF LIFE: Here you will be able to enjoy excellent weather, clean air, and an abundance of recreational opportunities. Fishing, hiking, bird watching, camping, and off-roading can all be done around here – and more. Expect rural living, Ridgecrest is the closest major town and is about 20 minutes away for those of you who need a Starbucks or McDonalds fix.
GROWTH: Neighboring Kern County towns of Ridgecrest and Inyokern are doing well holding onto their property values. All things considered, this is an incredible owner financed offer – don’t let this commercial land pass you by. Usable land here is scarce as only 1.7% of all land in Inyo County can be privately owned. The remaining 98.3% is managed by the USFS, BLM, LADWP, State of California, Military, and other miscellaneous public agencies that like to “run the show” around here. We'd like to see more public land released to help Inyo communities grow and become more sustainable, so we do what we can in spite of land trades and releases being a long drawn out process.
LOCATION: The property is situated in the Indian Wells Valley, right off of Highway 395 at the Kennedy Meadows exit, and about two miles north of Pearsonville. Geographically it is towards the eastern side of California and on the edge of the Eastern Sierra Nevada. A navel base separates the property from Panamint Valley and Death Valley. The Owens Valley is about 30 minutes north, Ridgecrest is about 20 minutes south. Everyone is encouraged to go out and see this property, once you do, you’ll definitely want to buy this commercial lot.
International buyers welcome. Most currencies are accepted through PayPal.
1. Parked next to property, land extends from here to the exit with about 1100’ of highway frontage. Plenty of room here to run a business and for owner’s or manager’s quarters.
2. Photo taken while standing on property. Highway 395 is well travelled.
3. A bit blurry but this is the Nine Mile Canyon exit that is paved to the land. Ahead and across the highway the road winds up to Kennedy Meadows. Land is to the immediate left.
4. Flat commercial land, plenty of bushes but partially cleared too.
5. Standing on the property and looking towards the highway. Great view of the Sierra Nevada mountain range.
6. Mileage sign for Kennedy Meadows and some other points of interest. A drive along this road will get you up into elevation, and into the woods. We've camped in Kennedy Meadows long ago and fished the Kern, great place -- great fishing.
7. Standing across the highway and looking diagonally across to the land.
8. Caltrans mileage sign for points north along highway 395. Plenty to see and do in the Owens Valley, tourism is the driving economic force for most of Inyo County.
9. California map – this area gets hot in the summer and cold during the winter.
10. BLM map – this map shows more detail of the area. White is private property, mustard is BLM, and pink is the China Lake Navel Base.
11. Topo map – land is flat like a pancake.
12. Plat map – Black and white arrow points to lot for sale.