Location- 43525 Gadsden Ave, 300 ft s/o Ave K

Utilities- all on site or in street

Price- $750,000 ($11.25 psf)

Remarks- Two parcels totaling 1.53 acres of commercial use
land in which seller has already begun, but halted, development. Current plans
call for 12 units, 20 ft x 50 ft deep, for a total of 1,000 sq feet each unit. The
foundation slab, some 12,000 sq feet, has already been poured. Subject parcel is
located just north of Coaches Bar & Grill. Area is “rooftop” rich with both houses
and apartments in area. Across Gadsden is a major apartment complex with 100’s
of units. North of Ave K are 100’s of SF homes.

Seller has already invested $558,000 in soft and hard costs. Break down of costs:

- $280k for plans, engineering, and contractors
- $100k in sewer and school fees
- $80k in grading costs
- $40k in plumbing & pouring of slab
- $58k for building permits

Sellers say their contractor will finish the project of $900k, or use your own
contractor. The City of Lancaster has assigned this property the address of
43525 Gadsden Ave.

Buyer to verify all remaining development costs to their satisfaction.

SAFETY & CAUTION: Anyone inspecting, or walking on the property,
    off the road, should be aware that rattlesnakes and other desert wild life
could be in the area.  Be careful and use common sense!