Indio, CA 92201,80225 Us Highway 111

$1,999,000

Est. payment /mo

$1,999,000

Est.Price: ?

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80225 Us Highway 111 Indio, CA 92201

12.56 Acres Lot

SOLD DATE : 06/06/2023

Key Details

Sold Price $1,999,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision Not Applicable-1

MLS Listing ID 219077637DA

Sold Date 06/06/23

HOA Y/N Yes

Lot Size 12.560 Acres

Acres 12.56

Property Description

FOR SALE, PRIME 12.56 ACRE parcel on Shield near Hwy 111. SUBJECT lot is part of 50 acre Polo Square (PS) Mixed Use Project Master Plan (PMP). Pursuant to PS PMP, approved by City in 2008 (available on city website), the PMP and current zoning approved Hotels, Residential, Commercial Retail & Office Uses. SUBJECT 12.5 ACRE parcel is currently zoned Medium Density Residential (North half aka Northern Parcel B, 7.1 acres) and Mixed Use (South half aka Northern Parcel A, 5.46 acres). North parcel B, 7.1 acres, was previously approved for 56 residential units. Entire lot adopted into Connected Neighborhood designation in 2019, which includes generous density bonus. City historically pro-growth, easy to work with and has generous vacation rental policy. Located minutes from Coachella Music Festival. Next in line development parcel, just over the LaQuinta border (Jefferson Street). Enormous opportunity for SFR, Live-Work Townhomes, Apartments, Assisted Living, Hotel or combination in an area poised for growth. Buyer to confirm all zoning and building information with the City of Indio.

Location

State CA

County Riverside

Area 699 - Not Defined

Interior

Fireplace No

Exterior

Utilities Available Electricity Available, Natural Gas Available, Phone Available

View Y/N Yes

View Desert, Mountain(s)

Building

Lot Description Paved

Sewer Unknown

Others

Senior Community No

Tax ID 600190002

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by David Leventhal • David Leventhal, Broker
Bought with Paula Turner • Desert Pacific Properties

Rick J Lee

Agent | License ID: 02130981

+1(714) 943-1598

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