9.0-50.04 ac Zoned Industrial for Cultivation Coachella

Vacant Land for Sale
Catylist Listing ID: 30447180
Property Subtypes: Industrial
Gross Land Area: 9 - 50.04 Acres
Sale Price: $1,350,000 - 7,506,000
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/20/2019

Overview / Comments

• Surrounded by new cannabis developments
• The city of Coachella is pro-growth and pro-business, is a hub for cannabis operations, has business friendly administration and permitting process
• Just off 1-10 with easy access to Los Angeles and San Diego markets
• In the Opportunity Zone. Federal Tax incentives available
• Can be sold as individual parcels:
#1 9.0 ac $1,350,000 ($3.44/SF)
#2 15.79 ac $2,368,500 ($3.44/SF)
#3 25.25 ac $3,787,500 ($3.44/SF)
50.04 ac $7,506,000 ($3.44/SF)

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 603-242-001, 002; 603-480-001
Zoning: LI - LIGHT INDUSTRIAL
Property Located Between: Ave 48 & Ave 50
Property Visibility: Excellent
Largest Nearby Street: Ave 48
Highway Access: Just off of Interstate 10
Site Description: 9.0-50.04 acres zoned industrial for cultivation. Ideal for cannabis cultivation business park. Manufacturing Service with Cannabis Overlay. CUP required for Cannabis operation.
Zoning Description: LI - Light Industrial
Available Utilities: Electric, Water, Sewer
Water Service: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,901 73,020 125,806
Median Age: 25.67 27.97 31.22
Households: 2,840 18,307 35,457

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