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82950 Hwy 111 CA State Highway 0.38 Acres of Commercial Land Offered at $536,000 in Indio, CA 92201

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INVESTMENT HIGHLIGHTS

  • Located Directly Across the Street From the County of Riverside Larson Justice Center.
  • Building Height Allowance of 4-Storie to possible 6-Stories
  • Bus Stop less than 50 feet away.
  • Walking Distance to all parts of the Courts & County Jail Facility.
  • Property is vacant with all utilities to the property.
  • Possible Drive Thru land use for rentable ground floor space.

EXECUTIVE SUMMARY

The property is zoned Downtown Neighborhood (DT-N). This zone is a flexible urban development environment. Buildings can be designed to be set back further from the sidewalk, and may have less active uses on the ground floor. Building façades are simple and planar and Building heights are up to 4 stories, but may reach 6 when community benefits are included. The intent of this Zoning District is to generate a comfortable, walkable urban environment that functions and performs well, regardless of market conditions. The Public Defender & District Attorney offices are located directly across the highway in a new 4-story building. The courts and new jail are across the Hwy as well. The City of Indio built a large public parking lot across the street (Smurr) to the west of the subject property behind the Applebee's Restaurant. The seller has old approved building plans for 8 office suites (5,536 net rentable space)in a 2-story building design. Plans will probably need to be revised to current building codes. A portion of the property was the former site of a gas filling station from the 1940's-1960's. The site has been decommissioned, remediated and all documentation regarding the hazardous waste state of condition, is in order and available to the buyer at escrow opening.
Buyer to verify zoned land use with the City of Indio and City parking lot for higher SF use. We've had some inquiries about building restaurant space with a Drive Thru element, since the City of Indio approved the Starbucks building development at the corner of Oasis & 111. Building design is a Drive-Thru with walk-up window and no indoor or outdoor seating. The DT-SP zoning does not allow Drive Thru's. The city approved the CUP for this land use, rationalizing the Starbucks lot's proximity to MUC (Mixed Use Commercial) zoned property (485 LF west). Building must be situated from 0 - 15 lineal feet of Hwy 111 for CUP drive thru approval based upon the design layout being consistent and covered under a prior EIR for the City of Indio General Plan 2040, Finding of Consistency for the c/Section 15183 (Finding of Consistency) Subject property for sale is approx. 375 LF west of MUC zoned property (Marshall Street & 111), with same elements for consistent and covered status under a prior EIR for the City of Indio General Plan 2040, Finding of Consistency for the c/Section 15183

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $536,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.38 AC
Cross Streets Fargo Street
Zoning DT-N - Downtown Neighborhood (DT-N). This zone is a flexible urban development environment. Buyer to verify land use.

1 LOT AVAILABLE

Lot 12, 13

Price $536,000
Price Per AC $1,415,039.55
Lot Size 0.38 AC

Two (2) Vacant Lots combined for a total of 16,500SF of useable land. The property faces on CA-111, at the corner of Fargo Street. Located directly across the Hwy from the Riverside County Larson Justice Center. All services to the property.

DESCRIPTION

The property is flat, former site of a restaurant and gas station. All documentation in order, reflecting no hazardous waste materials issues related to the old former gas filling station that was once located on the property. Excellent location across Larson Justice Center. Ideal for office space of service providers to the law & order industry. Also, great location for retail on first floor and office on multiple floors above.

Walk Score®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 611-233-012
  • 611-233-013
Land Assessment
$108,351
Improvements Assessment
$0
Total Assessment
$108,351
  • Listing ID: 31643561

  • Date on Market: 4/29/2024

  • Last Updated:

  • Address: 82950 Hwy 111 CA State Highway, Indio, CA 92201

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