Catylist Listing ID: 30657289
Property Subtypes: Industrial, Office, Retail, Retail-Pad
Gross Land Area: 1.37 Acres
Sale Price: $2,000,000
Unit Price: $1,459,854 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/9/2020

Overview / Comments

Well located 1.37 acre lots adjacent to some of Palm Springs' major retail outlets including Wal Mart, Lowe's, Staples, Smart & Final, Verizon, Home Depot, Party Shop, Aldis Market, banks, and restaurants. This is a dynamic growing area at the intersection of Ramon Road and Gene Autry Trail with an average daily count of 76,933 cars per day thru the intersection per the Coachella Valley Association of Governments who conduct traffic studies every two years. Sale comps are limited for this type of well located, highly visible properties. Two properties are listed on the Sale Comp page that reflect the value of this
property. Seller has a qualified consultant who can assist in the application process. Zoned M-1, but based on location the property is better suited for retail or restaurant. Uses requiring different zoning are subject to a Conditional Use Permit which can take up to six months to process. The City of Palm Springs is business friendly and the Planning Department cooperates to process applications. With City approval site can include a drive thru. Property is fee simple which means you own the land as opposed to lease land.

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Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Taxing Authority: County of Riverside
Tax ID/APN: 680-101-029 & 036
Zoning: M-1
Property Located Between: Ramon Road and Camino Parocela
Property Visibility: Excellent
Largest Nearby Street: Gene Autry
Feet of Frontage: 359
Traffic/Vehicle Count: 76,933
Highway Access: On Highway 111
Airports: Across Ramon Road
Lot Frontage: 359 on Gene Autry Trail
Lot Depth: 102 On Camino Parocela
Zoning Description: M-1. Higher uses such as retail, office and restaurant will be processed by the City of Palm Springs.
Topography: Level
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,257 78,404 103,433
Median Age: 40.26 42.54 44.76
Households: 2,955 32,001 43,746

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