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Active
0 Palm Drive Desert Hot Springs, CA 92240
5 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL26662423
HOA Y/N No
Lot Size 5.000 Acres
Acres 5.0
Property Sub-Type Unimproved Land
Property Description
25-Acre Turnkey Multifamily Site! Located in The Spa City, Desert Hot Springs, Coachella Valley $5M ($23/SF) Shovel-ready in 6 months +/-. Four parcels, raw land, zoned high density, 656-030-005, 656-030-006, 656-030,007,656-030-008. Fully entitled for 402-unit luxury gated condo community. 20-year development agreement. NMTC zone. Why this is gold for 1031 buyers: All heavy lifting done: Phase 1 environmental, CEQA, hydrology, cultural/paleo studies, biological surveys, acoustical reports, tentative tract map, CUP site plan, full conceptual design (elevations, unit plans, carports, amenities, landscape, image board, parking/photo-metrics). Developer-friendly city cooperative planning & building dept. Full due diligence package available. Buyer to verify 1031 eligibility and conduct own due diligence. Contact us today!
Location
State CA
County Riverside
Zoning RH
Interior
Fireplace No
Exterior
Utilities Available Other Water/Sewer
View Y/N true
View Mountain(s), Other
Building
Sewer Other
New Construction No
Others
Tax ID 656030008
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Listed by Alizabeth James • Realty Source Incorporated