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1000 Palm Canyon Dr 79 Acres of Residential Land Offered at $275,000 in Borrego Springs, CA 92004

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EXECUTIVE SUMMARY

PRICE REDUCTION FROM $525K to $275K! Ownership targeting a quick-close deal.

PROPERTY FACTS

Price $275,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Single Family Development
  • Utility Substation
  • Single Family Residence
Total Lot Size 79.00 AC
Zoning RMH4 - Residential 4.3. This allows for a maximum residential density of 4.3 dwelling units/acre.

1 LOT AVAILABLE

Lot

Price $275,000
Price Per AC $3,481.01
Lot Size 79.00 AC

The property being offered consists of approximately 79 acres of flat land along Palm Canyon Drive in Borrego Springs, CA in northeast county San Diego.

DESCRIPTION

The property consists of a northern portion, approximately 48 acres, with no existing improvements and a southern portion, approximately 31 acres, that has entitlements and a final map from the county of San Diego. The map includes 95 single family lots, 2 private street lots, and 5 recreational lots. See the following page for the SD Tract Map. Water and sewer service will be provided by the Borrego Springs Water District, and electricity will be provided by San Diego Gas & Electric. Additionally, there is a potential alternative for a utility solar facility development. Zoning information: The general plan land use designation for the entitled portion is Village Residential 4.3. This allows for a maximum residential density of 4.3 dwelling units/acre. The unentitled northern portion of the property has a land use designation of Village Residential 2. This is similar to the southern portion, but only allows for a maximum of 2.0 dwelling units/acre.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 141-210-39
  • 141-210-47
Land Assessment
$108,784
Improvements Assessment
$0
Total Assessment
$108,784
  • Listing ID: 28279279

  • Date on Market: 4/20/2023

  • Last Updated:

  • Address: 1000 Palm Canyon Dr, Borrego Springs, CA 92004

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