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Gerald Ford Dr 1.27 Acres of Commercial Land Offered at $729,000 in Palm Desert, CA 92211
INVESTMENT HIGHLIGHTS
- Prime location near the Cook Street Exit from the I-10 Freeway.
- Gerald Ford Drive and Cook Street is a growing, thriving commercial center for Palm Desert.
- Surrounded by numerous national tenants.
EXECUTIVE SUMMARY
Nearby is the 11,000 seat Acrisure Arena, the Hampton Inn, Holiday Inn Express, Fairfield Inn, and Courtyard Inn. In the immediate area are an ARCO AMPM and Starbucks that brings many people into the retail center. Across one street is University Village Office Park. Across the other street is a Kaiser Permanente Pharmacy and Medical Offices, and a California Teachers Association building. Within walking distance is the University of California Riverside satellite campus, and the California State University San Bernardino, Palm Desert campus which will grow to 8,000 students. The State of California approved $79M in 2022 for this Cal State Palm Desert campus, with a building scheduled to start construction in June 2025.
PROPERTY FACTS Under Contract
| Price | $729,000 | Property Subtype | Commercial |
| Sale Type | Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.27 AC |
| Property Type | Land | Cross Streets | Technology Dr |
| Zoning | Planned Commercial | ||
| Price | $729,000 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.27 AC |
| Cross Streets | Technology Dr |
| Zoning | Planned Commercial |
1 LOT AVAILABLE
Lot
| Price | $729,000 | Lot Size | 1.27 AC |
| Price Per AC | $574,015.75 |
| Price | $729,000 |
| Price Per AC | $574,015.75 |
| Lot Size | 1.27 AC |
Nearly 70% of the parcel has been developed with ingress/egress, roadways, parking, landscaping, sidewalks, curbs, and a retention basin. All that is left is to construct a 4,000-5,000 square feet building for an owner/user.
DESCRIPTION
The land is located in a growing commercial center where Gerald Ford Drive and Cook Street meet in Palm Desert. The area is near the new Acrisure Arena, and across the street from the future California State University Palm Desert campus. The property is surrounded by the Hampton Inn, Fairfield Inn, a local DMV office, ARCO AMPM, Starbucks, and University Village. The land is zoned Planned Commercial and has two overlays, Regional Commercial Center(PC-3), and Freeway Commercial Overlay District. (FCOZ). Contact the agent for a link to these additional uses. The City supports the construction of a restaurant or general office building of up to 5,000 square feet. A precise plan will have to be filed to use the parking spaces currently in use by the Hampton Inn. (Shared agreement.)
PROPERTY TAXES
| Parcel Number | 694-190-004 | Improvements Assessment | $0 |
| Land Assessment | $704,641 | Total Assessment | $704,641 |
PROPERTY TAXES
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Gerald Ford Dr
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