Bartlett, CA

$33,880

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108,900

Square feet

2.50

Acres

About Bartlett

This 2.5AC parcel of flat/level open space land is located in an Opportunity Zone area, which offers significant tax benefits for investors who reinvest their capital gains in qualified projects. According to the IRS, Opportunity Zones provide three main tax benefits: - Temporary deferral of taxes on previously earned capital gains until December 31, 2026 or until the investment is sold or exchanged, whichever is earlier. - Step-up in basis for previously earned capital gains invested, which reduces the amount of taxable gain by 10% if held for at least 5 years and by 15% if held for at least 7 years. - Permanent exclusion of taxable income on new gains from the sale or exchange of the investment if held for at least 10 years. This parcel is ideal for investors who are looking for long-term returns and social impact. It is situated in the El Mirage Area, which has abundant natural resources and potential for economic development. The parcel sits atop the Oestre Aquifer, which can produce pristine water annually. It also has unobstructed views of the San Gabriel Mountains and is near the El Mirage Dry Lake. Moreover, it is close to a proposed site for a large biomass alternative fuel production facility, which could create jobs and revenue for the community. The parcel allows for various uses such as residential, agricultural, recreational, medical, alternative energy production and more. For more information on Opportunity Zones and their benefits, please visit https://selectsbcounty.com/major-initiatives/opportunity-zone.

Features of Bartlett

MLS® # OC21226521
Price $33,880
Square Footage 108,900
Acres 2.50
Type Lot / Land
Status ACTIVE

Community Information

Address Bartlett
Area ADELANTO (92301)
County San Bernardino
State CA
Zip Code 92301

Amenities

Is Waterfront No

Additional Information

Date Listed October 12th, 2021
Days on Market 750
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeGregg Cochran, Broker

Listing Map

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