Yates Road
Property Description
Lee & Associates presents the opportunity to acquire ±24.40 acres of fully entitled land approved for Chateau Resort, a 258-bed Continuing Care Retirement Community spanning approximately 232,108 square feet across five pavilions — Independent Living, Assisted Living, Memory Care, Skilled Nursing, and a Medical Office/Rehabilitation pavilion. The site carries an approved Conditional Use Permit extended through December 2027, completed water/sewer feasibility through CSA-64, and will-serve letters on file for electric, gas, and telecommunications — removing much of the entitlement risk typically facing a ground-up senior living development. The property also falls within a federally designated Opportunity Zone (Census Tract 06071009913), offering potential tax-advantaged structuring for qualified buyers. An independent third-party demand study identifies meaningful unmet need for Independent Living, Assisted Living, Memory Care, and Skilled Nursing beds across the primary market area through at least 2029. Combined with its shovel-ready status, Chateau Resort offers a developer or institutional buyer a clearly de-risked path to a Class A, income-producing retirement community in one of the Inland Empire North's fastest-growing submarkets.
Broker Details
Lee & Associates - Inland Empire North (Victorville) 760-684-8306
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $6,900,000 |
| Lot Size: | 24.40 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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