Kate Rust 7604091532

Palm Drive & Desert Vw - Palm Drive Commercial 0.33 Acres of Commercial Land Offered at $190,000 in Desert Hot Springs, CA 92240

INVESTMENT HIGHLIGHTS

Utilities in the Street
Regionally accessible via the I-10 freeway
Opportunity Zone

100’ Palm Drive Street Frontage
Strong demographic characteristics in the surrounding area

EXECUTIVE SUMMARY

Located in a retail hub centrally located in Desert Hot Springs CA with a traffic count of 24,000+ cars per day. The subject property has many nearby residential developments as well as those currently under construction or in the planning process.
Desert Hot Springs is a vibrant, growing, and innovative City that represents California’s legacy of exploration and discovery. The first City in Southern California to legalize cannabis, Desert Hot Springs embraces and empowers business owners from many industries. At the same time, it offers many enticing qualities for entrepreneurs and residents alike.
The City of Desert Hot Springs is committed to becoming a world class health and wellness destination based upon its famous miracle waters, unique desert ecosystem, spectacular mountain views, and natural environment.

PRELIMCOMMITMENT-LINKED .33A

ZONING-MIXED-USE DISTRICTS

Sewer-Water

0.33 Acres, Palm Drive, DHS_SS_KR_OM Reduced

PROPERTY FACTS

Price	$190,000	Proposed Use	Commercial
Sale Type	Investment	Total Lot Size	0.33 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land	Zoning	MU-C - higher-intensity, commercially oriented activity with maximum residential densities of 30 dwelling units per acre and/or maximum nonresidential
Property Subtype	Commercial

Price	$190,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial
Total Lot Size	0.33 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	MU-C - higher-intensity, commercially oriented activity with maximum residential densities of 30 dwelling units per acre and/or maximum nonresidential

1 LOT AVAILABLE

Lot

Price	$190,000	Lot Size	0.33 AC
Price Per AC	$575,757.58

Price	$190,000
Price Per AC	$575,757.58
Lot Size	0.33 AC

Generally Flat Topography. Well located, in the heart of Desert Hot Springs. Current zoning allows for many potential uses, see attached OM.

DESCRIPTION

Desert Hot Springs has the 2nd fastest growing population in the Coachella Valley and is booming with new development: Great location in the heart of Desert Hot Springs. https://ecode360.com/43991908#43991908 – Mixed-Use These properties are zoned Mixed-Use Corridor, no specific plans or overlays. We are in the process of updating our code for this district but no substantial changes are proposed. Below is a link to the current code: