Prime Palm Canyon Lot

Vacant Land for Sale
Catylist Listing ID: 30214823
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad
Gross Land Area: 16,740 SF
Sale Price: $800,000
Unit Price: $47.79 PSF
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/11/2018

Overview / Comments

This prime property offers a developer/owner the opportunity to take advantage of the strong commercial growth in the immediate area with an office or retail building. The site is withing walking distance of Desert Regional Medical Center a growing medical destination that creates demand for office space. Retail use is strong as evidenced by the growth of the retail sector on North Palm Canyon Drive. In addition, s similar sized lot joins this property on the east property line and fronts on N. Indian Canyon Drive. Combining the two lots offers additional opportunities.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Taxing Authority: City of Palm Springs/Riverside County
Tax ID/APN: 505-213-002 & 003
Zoning: C-1
Property Located Between: Tachevah and Stevens Road
Property Visibility: Excellent
Largest Nearby Street: Palm Canyon Drive
Feet of Frontage: 120
Highway Access: On the main highway into Palm Springs
Airports: Minutes to Palm Springs International Airport
Site Description: Rectangular, level lot with curbs & gutters. Utilities to the site. Office buildings on both sides of this site. To the rear is a similar sized vacant lot that is also for sale.
Area Description: North Palm Canyon Drive has evolved into a strong retail-restaurant destination. The growth of this area is bolstered by the Desert Regional Medical Center and the adjacent medical offices. The retail, restaurant and office markets continue to grow in this area.
Lot Frontage: 120
Lot Depth: 139.5
Zoning Description: C-1 Cooperative zoning allowing for multiple uses including office, retail and restaurant.
Topography: Level
Easements: Utilities
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,448 41,868 80,393
Median Age: 52.21 47.71 42.62
Households: 3,531 20,179 33,259


Photograph of Listing Agent

John Stiles

Stiles & Associates
DACIE Member

Sponsoring Organization

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