80225 Us Highway 111, Indio, CA 92201

$1,999,000
Property Type: Land Status: Closed
Current Price: $1,999,000 List Date: 4/23/2022 Last Modified: 11/19/2024

Overview

Description

FOR SALE, PRIME 12.56 ACRE parcel on Shield near Hwy 111. SUBJECT lot is part of 50 acre Polo Square (PS) Mixed Use Project Master Plan (PMP). Pursuant to PS PMP, approved by City in 2008 (available on city website), the PMP and current zoning approved Hotels, Residential, Commercial Retail & Office Uses. SUBJECT 12.5 ACRE parcel is currently zoned Medium Density Residential (North half aka Northern Parcel B, 7.1 acres) and Mixed Use (South half aka Northern Parcel A, 5.46 acres). North parcel B, 7.1 acres, was previously approved for 56 residential units. Entire lot adopted into Connected Neighborhood designation in 2019, which includes generous density bonus. City historically pro-growth, easy to work with and has generous vacation rental policy. Located minutes from Coachella Music Festival. Next in line development parcel, just over the LaQuinta border (Jefferson Street). Enormous opportunity for SFR, Live-Work Townhomes, Apartments, Assisted Living, Hotel or combination in an area ...

Listing Details MLS# 219077637

General Property Information

Pool
No
Lot Size Source
Assessor
Cross Streets
Highway 111 & Shields Rd.

Property Features

Potential Use: Commercial; Multi-Family; Office; Residential; Tourist Service; Other Utilities: Electricity Available; Natural Gas Available; Phone Available; Water Available Road Frontage: Highway Road Surface Type: Paved Assessments: Buyer to Verify; Unknown Sale Type: Standard Listing Terms: Cash; Conventional Possession: Close Of Escrow View Type: Desert; Mountain(s) Disclosures: Owner Has Real Estate License Sewer: Unknown Land Lease Type: Fee Simple

Listing Location and Property Info

APN
600190002
Original List Price
2999999
Street #
80225
Street Name
Us Highway 111
County
Riverside
State
CA
Zip Code
92201
Area
311 - Indio Central
Country
US

Tax Info

Tax Mello Roos
Unknown

Property Info

Senior Community
No
Gated Community
No
Public Street
Yes

Status Change Info

Status Change Date
2023-06-07
Pending Date
2023-03-07
Closed Date
2023-06-06
Closed Price
1999000

More Information

HOA Information

Association
No

Documents

Listing Office: David Leventhal, Broker
Listing Agent: David Leventhal
Last Updated: November - 19 - 2024
Information deemed reliable but not guaranteed.
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