850-900 S Downs Street, Ridgecrest, CA, 93555
850-900 S Downs Street
Ridgecrest, CA 93555
Highlights
- Pre Pandemic working drawings for 22 units were approved by the City
- The property is entitled for 198 units
- All units are townhouse style with enclosed parking and no tenants above or below the units
- Average Household Income in Ridgecrest is about $70,000
- No Market Rate Multifamily Housing has been constructed in Ridgecrest for 30+ years
- China Lake Naval Weapons Station has 4500 employees and defense contractors
- Property is on a bike path to the retail center of town
- Cerro Coso College has over 5000 students attending school in Ridgecrest
- China Lake Naval Base is undergoing a $3 billion upgrade. Work should be completed within 2 years.
Description
198 townhouse units shovel ready in Kern County boom area. $3B has been allocated for reconstruction of the China Lake Naval Weapons Station. APN 3132-010-010 024
13.5 Acres at the northeast corner of Downs Ave. and Bowman Avenue, immediately north of the bike path which leads from the property to the major retail area in Ridgecrest with a Walmart Supercenter as well as a planned entertainment center with a movie theater, and bowling alley.
The property is equidistant to the China Lake Naval Weapons Station and Cerro Coso College with a student body of 5000.
The Naval Base is the premier land range and weapons development laboratory for the Department of the Navy. The Base is the leader in the development and testing of drones and other guided missles as well as advanced weapons systems that provide support for our naval, joint and coalition forces. The base has 4500 servicemen and defense contractors. The base is 1 million acres and spans from the Nevada border to the Pacific Ocean.
Ridgecrest is home to about 30,000 people but serves as the medical and retail center for the whole southern Sierra region.
An indication of the purchasing power in Ridgecrest is that the McDonald's does over $4,000,000 in annual volume and the Walmart Supercenter has exceeded their goals from the day the store opened.
