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Cook Street & Gerald Ford Dr 1.39 Acres of Commercial Land Offered at $908,500 in Palm Desert, CA 92211

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EXECUTIVE SUMMARY

The price has been reduced to $908,500. This is $15 per square foot.

PROPERTY FACTS

Price $908,500
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

1 LOT AVAILABLE

Lot

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.

DESCRIPTION

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

PROPERTY TAXES

Parcel Number
694-180-019
Land Assessment
$577,938
Improvements Assessment
$0
Total Assessment
$577,938
  • Listing ID: 22064358

  • Date on Market: 1/25/2021

  • Last Updated:

  • Address: Cook Street & Gerald Ford Dr, Palm Desert, CA 92211

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