.90 ac Multifamily-Apartments/Senior Housing Land, Coachella

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 29838125
Property Subtypes: Industrial, Multi-Family, Office, Retail, Other
Status: Pending/Contingent
Gross Land Area: 39,204 SF
Sale Price: $200,000
Unit Price: $5.10 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/20/2017

Overview / Comments

* Ideal for Apartments, Senior Housing, and Assisted Living.
* Great location in Pueblo Viejo, the City of Coachella’s historic downtown.
* Infill High Density Residential Opportunity
* Up to 20-65 DU/AC
* Walking Distance to Downtown
* Asking Price: $200,000 ($5.10 per s/f)

This land is strategically located in the heart of Coachella and within the Pueblo Viejo Revitalization Plan which overrules current zoning. Under Pueblo Viejo Revitalization Plan the area is designated as future residential infill opportunity, allows for 20-65 DU/AC.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 778-102-008
Side of Street: West
Road Type: Paved
Property Visibility: Excellent
Feet of Frontage: 140
Site Description: From the I-10 freeway going eastbound take the 86 expressway and exit Avenue 50. Turn right on Avenue 50 drive for about 1 mile to Grapefruit St. On Grapefruit St (Hwy 111) turn left and drive for about 1/2 mile. The property is located on the SWC of Hwy 111 (Grapefruit) & 9th St.
Zoning Description: * Zoning: M-S (Manufacturing Services) * General Plan: Downtown Center- under Pueblo Viejo Revitalization allows for 20-65 DU/AC.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,548 53,983 121,137
Median Age: 25.98 25.7 30.09
Households: 3,493 12,504 33,121


Sponsoring Organization

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