2 Parcels Downtown Coachella

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30643856
Property Subtypes: Multi-Family, Office, Retail
Status: Pending
Gross Land Area: 0.28 Acres
Sale Price: $510,000
Unit Price: $1,821,428 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/16/2021

Overview / Comments

Two adjacent commercially zoned properties close to City Hall in Coachella.
The parcels can be combined to create 0.2818 AC for a new building. Adjacent to Mechanics Bank in downtown area.
Properties can be used for either residential or commercial purposes. Ideal location for either medical offices or general office uses. Could be the site of a new 4-plex residential building.
APN 778-090-001 is a 0.14 AC parcel that is located on the SW corner of Orchard Avenue and 5th Street. A 1,724 SF duplex is currently on the property. It can be converted to office use or torn down to make way for a new building.
APN 778-090-003 is a 0.1418 AC parcel with an old house on it. This is a teardown opportunity, either for a new house or for adding the property to the adjacent property.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Taxing Authority: Riverside County
Tax ID/APN: 778090003 and 778090001

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,706 59,567 125,806
Median Age: 24.67 26.62 31.22
Households: 6,400 14,456 35,457

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