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$ 2,850,000
Est. payment | /mo
4.15 Acres Lot
$ 2,850,000
Est. payment | /mo
4.15 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 219136952DA
HOA Y/N Yes
Lot Size 4.150 Acres
Property Description
This sale also includes APN's: 614-130-035, 614-130-015 The Regional Commercial (RC) property in Indio has a significant advantage due to its proximity to key attractions and its surrounding mixed-use zoning, offering potential for redevelopment, especially with the adjacent medium-density residential parcel. The property's value is enhanced by its location in a growing and festival-centric city. The property is primarily zoned for Regional Commercial (RC), allowing for a wide range of business and retail uses. Additionally, there is a one-acre parcel zoned for Connected Neighborhood-14 (CN-14) on the north side, which allows for medium-density residential and mixed-use development. The combination of these zones is perfect for a mixed use Development.The property is ideally positioned in Indio, the largest city in the Coachella Valley, and benefits from several local amenities and attractions. Growing population: Indio is one of the fastest-growing cities in the region, bringing an expanding residential and consumer base.Medical and residential hub: The area is surrounded by medical offices, single-family homes, and multi-family projects, indicating a high demand for both commercial services and housing.Festival grounds: The famous Coachella and Stagecoach festivals are held annually at the nearby Empire Polo Club, drawing millions of visitors and creating a massive, temporary increase in the local population.Fairgrounds: The Riverside County Fairgrounds, which hosts the National Date Festival and other events year-round, is also a short distance away.Downtown Indio: The property's proximity to downtown provides access to established commercial activity and potential for walkability. Buyer to do its own due diligence regarding the availability of Power through Imperial Irrigation District and City of Indio
Location
State CA
County Riverside
Interior
Fireplace No
Exterior
Utilities Available Electricity Available, Natural Gas Available, Other, Sewer Available
View Y/N Yes
View Hills, Mountain(s)
Building
Lot Description 2-5 Units/Acre, Flat
Others
Senior Community No
Tax ID 614140056
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Kate Rust Wilson-Meade Commercial Real Estate