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- LoopNet Team
430 W Wall Rd
Imperial, CA 92251
Apartment Land-Build 20-30 Units Per Acre · Land For Sale
·
2.15 AC
Investment Highlights
- Desirable area for apartments
- Major shopping & restaurants 2 blocks south includes Costco, WalMart, Target, Lowes and many more
- Hard to find land with existing apartment zone
Property Facts
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Commercial | Total Lot Size | 2.15 AC |
| Zoning | RA - RA (Residential Apartments)can build 20-30 units per acre per city staff. | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 2.15 AC |
| Zoning | RA - RA (Residential Apartments)can build 20-30 units per acre per city staff. |
Description
This 2.15 acres is zoned Residential Apartments (RA) and you can build 20-30 units per acre. May be rezoned which would need to be reviewed and approved by the City of Imperial. There continues to be a shortage of housing within the county. Finding existing apartment land is rare in this city that shows a population increase by 8.95% since the most recent census, which recorded a population of 20,425 in 2020. Imperial is among the top ten fastest growing cities in the State of California and has record highs with the highest median income at $85,000. The city is well known for its school district system, small town family atmosphere , Market Days, Christmas in a Small Town, the county fair and many other events attended by people from all parts of the county. Just 2 blocks south of this property is a major shopping area in the city of El Centro that includes WalMart Super Center, Costco, Target, Lowe's, Wendy's, Taco Bell, Cardenas Supermarket, Food4Less, Jack in the Box, Ross Dress for Less, PetsMart, Chase Bank, dental & medical offices and many other dining and shopping areas. Two blocks south, Chipotle just opened 2 weeks ago and Dunkin Donuts & Dairy Queen are under construction at this time. Wall Rd is a connector to major roads including La Brucherie Rd, Aten Rd and Hwy 86 also known as Imperial Avenue. The existing mobile home on site will be moved at the close of escrow.
Property Taxes
| Parcel Number | 064-351-015-000 | Improvements Assessment | $0 |
| Land Assessment | $595,680 | Total Assessment | $595,680 |
Property Taxes
