Pad 7 Washington Park
Vacant Land
for Sale
| Catylist Listing ID: |
29662818 |
| Property Subtypes: |
Retail-Pad
|
| Gross Land Area: |
48,072 SF
|
| Sale Price: |
$1,442,160 |
| Unit Price: |
$30 PSF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/27/2020 |
Overview / Comments
|
Highly visible Washington Street Pad for upscale sit-down restaurant, with patio. Can build up to 5,974 s.f. bldg. Located at the prime driveway leading to the new 12 screen Century Theatres, which will open in 2015. Delivery condition will include grading, paving, parking lot lighting. Additional cost of $307,180 for on-off site costs.
|
Additional Details
| Nearest MSA: |
Riverside-San Bernardino-Ontario |
| County: |
Riverside |
| Taxing Authority: |
Riverside County |
| Tax ID/APN: |
Not Assigned |
| Zoning: |
CR REGIONAL COMMERCIAL |
| Market Type: |
Small |
| Property Located Between: |
Simon Drive and Avenue 47 |
| Side of Street: |
East |
| Road Type: |
Paved |
| Property Visibility: |
Excellent |
| Legal Description: |
To be provided. |
| Largest Nearby Street: |
Highway 111 |
| Feet of Frontage: |
235 |
| Traffic/Vehicle Count: |
42,000 |
| Transportation: |
Bus, Highway, Airport |
| Highway Access: |
Two blocks south of Hwy. 111; 3.2 miles south of I-10 |
| Airports: |
Palm Springs International, Jacqueline Cochran, Bermuda Dunes |
| Site Description: |
Prepared pad site located at the Washington Street entrance to the Washington Park shopping center. Closest pad to Century Theatres. Parking lot, perimeter landscaping, utilities already installed. High visibility and high traffic count. |
| Area Description: |
Commercial Hub of La Quinta. Located in a power center anchored by Target Lowe's, TJ Maxx, Ulta, Cost Plus World Market, Stein Mart, Trader Joe's and Century Theatres. |
| Lot Frontage: |
235 |
| Lot Depth: |
150 |
| Zoning Description: |
CR Regional Commercial. Through entitlements, the use is restricted to full service, sit down restaurants. |
| Part of Planned Development?: |
Yes |
| Development Name: |
Washington Park Shopping Center |
| Topography: |
Level |
| Easements: |
Ingress/Egress |
| Easements Description: |
Reciprocal parking and ingress/egress easements with adjoining restaurants, theatre, and shops. |
| Soil Type: |
Sandy |
| Available Utilities: |
Electric, Water, Gas, Sewer, Storm Drain, Cable |
| Water Service: |
Other |
| Sewer Type: |
Other |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,563 |
68,032 |
153,859 |
| Median Age: |
45.03 |
43.76 |
40.8 |
| Households: |
1,830 |
26,898 |
57,456 |
Sponsoring Organization
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