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Cook Street & Gerald Ford Dr
Palm Desert, CA 92211
University Center Professional Park · Land For Sale
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1.39 AC

Executive Summary
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Office |
| Property Type | Land | Total Lot Size | 1.39 AC |
| Zoning | Planned Commercial-2 - Permitted uses are medical services, professional services, retail services, fitness gyms, hotel. With a CUP, a restaurant and church are allowed. | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Office |
| Total Lot Size | 1.39 AC |
| Zoning | Planned Commercial-2 - Permitted uses are medical services, professional services, retail services, fitness gyms, hotel. With a CUP, a restaurant and church are allowed. |
1 Lot Available
Lot
| Price | $908,500 | Lot Size | 1.39 AC |
| Price Per AC | $653,597.12 |
| Price | $908,500 |
| Price Per AC | $653,597.12 |
| Lot Size | 1.39 AC |
This is a 1.39 acre parcel that features utilities stubbed to the site, paved roads, curbs, and lights. IID Power is the electricity provider. A new electrical substation shall provide power by Summer 2028..
Description
UPDATE: A new electrical substation providing power to support all remaining vacant land in the north Palm Desert area will be in place by Summer 2028. The property can be developed for a variety of office uses, retail uses, and specialized uses like financial institutions, health clubs, recreational facilities, theaters, auditoriums, and more. Conditional Use Permit allows for churches, restaurants, and more. An overlay allows for select storage, but in combination with an approved use. EXAMPLE: A solar company constructs a building that features office for their administrative needs, and warehouse for storage of solar panels, equipment, and inventory. No manufacturing can be done there. Immediate neighbors are Kaiser Permanente Hospital, California Teachers Association, and Ambrosia Healthcare. In the vicinity are Cal State-San Bernardino Palm Desert Campus, University of Riverside-Palm Desert campus, and University Village. Talks are underway for a permanent Cal State University campus to be located here. This is an attractive opportunity to buy land and construct either a spec' building for lease or an owner/user's building that will benefit from freeway exposure, and access to the I-10 freeway by way of the Cook Street exit.
Property Taxes
| Parcel Number | 694-180-019 | Improvements Assessment | $0 |
| Land Assessment | $577,938 | Total Assessment | $577,938 |
