0 Yates Rd, Victorville, CA 92392

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. Chateau Resort sits along Yucca Loma Road within the Spring Valley Lake Association, one of the High Desert's most amenity-rich lakefront communities. SVLA spans more than 4,200 homesites and centers on a 200-acre waterski lake and marina, an 18-hole golf course and country club, and an equestrian center, giving the site an unusually resort-like setting for a senior living project. The property is adjacent to Mojave Narrows Regional Park and Horseshoe Lake, and sits within minutes of Victorville and Apple Valley. Healthcare access is strong: Victor Valley Global Medical Center is 3.3 miles away, St. Mary's Medical Center 5.4 miles, and Desert Valley Hospital 4.3 miles, with an additional Kaiser Permanente/Providence joint-venture hospital planned nearby. The surrounding Victor Valley submarket benefits from Victorville's role as a logistics and transportation hub, which has driven steady population growth — the primary market area is projected to grow to roughly 171,785 residents, with nearly a quarter of that population between ages 65 and 85.