If you are looking for a prime location to start or expand your business, you may want to consider investing in an Opportunity Zone Area. Opportunity Zones are designated areas that offer tax benefits to investors who reinvest their capital gains in qualified projects within these zones. Some of the benefits include temporary deferral of taxes on previously earned capital gains, basis step-up of previously earned capital gains invested, and permanent exclusion of taxable income on new gains.
One such Opportunity Zone Area is located in San Bernardino County, California. This area has a Commercial Use Zoned Lot for Business Park, with a corner of the lot on US HWY 395. Access is off Jonthan Rd, between Air Expy and Barlett makes this centrally located lot with EZ access ideal for your business. Per Cal Trans (2020) US 395 and Air Expy had approx. ADT of 20,800. Access to the parcel is via a recorded easement over an adjacent lot. As a business park zoned property, the opportunities can allow the following: Animal Shelter, Veterinarian Clinic/Hospital/Grooming/Short-term boarding, Day Care (adult/children), Educational Institution, Medical (P/T, Chiropractor, Clinic, Dental, Laboratory, Pharmacological), Church/Religious use, Auto service repair/car wash/repair/body shop/upholstery, Parking lot/storage, Cellular/communications Tower, Bakery/Catering Service kitchen, Health Club/Dance Studio, Professional Offices, Small item repair shop, Pest Control Business.
By investing in this Opportunity Zone Area, you can take advantage of the tax incentives while also contributing to the economic development and job creation in a distressed community. This is a rare opportunity to combine social impact with financial returns.
OPPORTUNITY ZONE Area. More information: https://selectsbcounty.com/major-initiatives/opportunity-zone.
ray@millmanteam.com
ray@millmanteam.com
