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



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
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
- Market Information
PROPERTY FACTS
| Price | $536,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.38 AC |
| Property Type | Land | Cross Streets | Fargo Street |
| Zoning | DT-N - Downtown Neighborhood (DT-N). This zone is a flexible urban development environment. Buyer to verify land use. | ||
| 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 | Lot Size | 0.38 AC |
| Price Per AC | $1,415,039.55 |
| 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.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $108,351 | Total Assessment | $108,351 |
PROPERTY TAXES
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82950 Hwy 111 CA State Highway
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