This property is Off-Market
Jefferson St. & Indio Blvd.
Indio, CA 92201 ·
79.53 AC · Land For Sale
Northgate Crossing Mixed-Use Improved Masterplan
|Price||N/A||Property Sub-type||Commercial/Other (land)|
|Lot Size||79.53 AC||Property Use Type||Vacant/Owner-User|
|Listing ID: 17535517||Date Created: 02/16/2012||Last Updated: 10/01/2012|
|Lot Size||79.53 AC||Commission Split||1.5%|
|Lot Type||Commercial/Other (land)|
80± Mixed Use Acres | Substantially Improved | Approved TPM
Northgate Crossing Masterplan Gateway to Indio & La Quinta | Indio, CA
Approved Tentative Parcel Map for 247± MF UNITS | 118 RESIDENTIAL SF LOTS | 364,000± SQ. FT. COMMERCIAL/OFFICE | 120 ROOM HOTEL
-Ability to purchase this asset at a fraction of the original $38M± basis which represents a considerable discount to replacement cost.
-Substantially improved land with over $12M± of hard costs completed. ±85% of site work complete including major arterial roads, traffic lights, sewer, & water. On-site rough grading complete.
-Potential CFD reimbursements for offsite infrastructure already completed. CFD is formed & approved but not funded.
-Significant interest in smaller pads which allows the potential to recapture a portion of your land purchase in the short term.
-Fully entitled & approved tentative parcel map with development agreement good until 2020 with extensions.
-$3M± of entitlement plans have been completed. Nearly ready to record final map.
-High traffic count area and easy access & visibility from I-10. Great location as the new best route to La Quinta from I-10.
Situated on the south side of Indio Blvd. at Jefferson Street near I-10.
The Northgate Crossing Masterplan is a to-be-built walkable 80± acre mixed-use master plan complete with both multi-family and single family detached residential, retail, office,restaurants, public open space, and parks. Northgate will be the new gateway into the cities of La Quinta & South Indio as traffic flows from I-10 to Jefferson St. for residents and tourists heading as far south as PGA West. This project is located in the city of Indio but is adjacent to the city of Bermuda Dunes and La Quinta. Its location provides excellent arterial access to I-10, Hwy. 111, S. La Quinta, S. Indio and other desert communities. The property is divided by several new, expanded, or extended streets including Jefferson Street, Avenue 42, and Country Club Drive.
- Electricity/Power - Temporary
Jefferson St. & Indio Blvd., Indio, CA 92201 (Riverside County)
Indio Market Trends - Asking price index trends, sale price trends, asking rent trends
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