MAJOR PRICE REDUCTION! 2.5 ac Cultivation Lot With Approved CUP!

Vacant Land for Sale
Catylist Listing ID: 30122734
Property Subtypes: Industrial
Gross Land Area: 2.50 Acres
Sale Price: $1,500,000
Unit Price: $600,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/5/2017

Overview / Comments

Get your interim license by the end of the year. Approved CUP 16-16 for 51,968 s/f - 1,440 lights 38,848 s/f hybrid greenhouse cultivation area & 13,120 s/f single story metal building with mezzanine. Build in 4 phases - Phase 1 - 13,120 s/f; Phase 2 & 3 - 9.656 s/f each; Phase 4 -19,536 s/f. City ordinance allows for medical marijuana cultivation. All utilities in Little Morongo Road- Water, Electric and Sewer. Includes Development Agreement. The property is located 660' East of Little Morongo Road, just North of Two Bunch Palms Trail in the City of Desert Hot Springs. Adjacent 2.5 acres (East) also available.

Attachments & Media

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 663-280-003
Zoning: LI (LIGHT INDUSTRIAL)
Property Visibility: Good
Lot Frontage: 330'
Lot Depth: 330'
Zoning Description: I-L (Light Industrial)
Available Utilities: Electric, Water

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,436 36,615 43,564
Median Age: 31.64 33.81 33.98
Households: 2,017 12,376 14,789

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