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The Palms - PRICE REDUCED! 8.23 Prime Acres Res./MF 8.23 Acres of Commercial Land Offered at $4,500,000 in Indio, CA 92201
Investment Highlights
- Prime Highway 111 Land in Pro-Development City of Indio.
- Highly Visible - Average Daily Traffic: 38,037 ADT (Hwy. 111 & Jefferson St).
- Potential for Multi-Family, Commercial, Office, Hotel, Residential, or Other Uses*.
- City of Indio "West Gateway" Near La Quinta | 615 Feet of Frontage on Highway 111.
- Within Mixed Use Specific Plan (MUSP 300) & The Palms Project Masterplan.
Executive Summary
PRICED REDUCED from $6.95M to $4.5M for Quick Close - Great Deal
Property Facts
| Price | $4,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 8.23 AC |
| Property Type | Land | ||
| Zoning | MUSP 300 - Mixed Use Specific Plan | ||
| Price | $4,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 8.23 AC |
| Zoning | MUSP 300 - Mixed Use Specific Plan |
1 Lot Available
Lot
| Price | $4,500,000 | Lot Size | 8.23 AC |
| Price Per AC | $546,780.07 |
| Price | $4,500,000 |
| Price Per AC | $546,780.07 |
| Lot Size | 8.23 AC |
Prime site off Hwy. 111 near the City limits of La Quinta! Potential Uses: Residential Multi-Family/BTR, Hotel, Commercial Previously Approved Project Masterplan for 192-Unit/228-Bed Senior Living Community & 43,875 Sq. Ft. Retail/Restaurant/Office.
Description
Directly across from Jackalope Ranch Restaurant, Adjacent to Shield’s Date Gardens & High End RV Park.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $3,381,299 | Total Assessment | $3,381,299 |
Property Taxes
Parcel Numbers
Land Assessment
$3,381,299
Improvements Assessment
$0
Total Assessment
$3,381,299
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The Palms - PRICE REDUCED! 8.23 Prime Acres Res./MF
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