Palm Drive Commercial

Vacant Land for Sale
Catylist Listing ID: 29974194
Property Subtypes: Office, Retail, Retail-Pad, Other
Gross Land Area: 8.25 Acres
Sale Price: $2,125,000
Unit Price: $257,575 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/22/2018

Overview / Comments

Palm Drive commercial land next to K-Mart Shopping Center. The newer Riverside County Behavioral Health Clinic is directly across the street. This acreage is centrally located in the Community Redevelopment Zone, just south of Two Bunch Palms Trail, one of the busiest intersections in the City. A few blocks from the new Walmart Super store. With elevated views of the Coachella Valley and thousands of acres of gorgeous mountain preserves, Desert Hot Springs is just minutes from Palm Springs International Airport, golf, shopping, renowned restaurants, major sporting events, concerts, festivals and more. The City is built over one of the world's finest mineral water aquifers, resulting in world-class, naturally occurring hot mineral waters. Visitors come to calm and renew in polished marble resorts, retro-hip motels or ultra-exclusive celebrity retreats. Situated approximately five miles north of Interstate 10, the city is on the direct route between Los Angeles and Phoenix, and is approximately a 2 hour drive to Los Angeles and San Diego.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 656-020-034
Property Located Between: Two Bunch Palms and Park Lane
Property Visibility: Excellent
Largest Nearby Street: Two Bunch Palms
Traffic/Vehicle Count: 27,969
Area Description: Desert Hot Springs, part of the Palm Springs Desert Resorts, is located just 112 miles from Los Angeles in the foothills of the San Bernardino Mountains, overlooking Palm Springs and the Coachella Valley. It is conveniently located just 12 miles from Palm Springs International Airport, which offers connections worldwide. The City is a vibrant and growing community of approx. 49,000 residents. The area's reasonable cost of living and attractive quality of life means it's easy to retain a skilled workforce at competitive rates while building an enterprise in a business friendly community.
Topography: Level
Easements: Utilities
Available Utilities: Electric, Water, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,373 39,021 45,522
Median Age: 28.29 33.59 35.27
Households: 5,202 13,169 15,845


Photograph of Listing Agent

Robin DuFault

Bennion Deville DACIE Member

Sponsoring Organization

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