2.22 Acres Previously Approved for Hotel & Restaurant

Vacant Land for Sale
Catylist Listing ID: 30315335
Property Subtypes: Hospitality
Gross Land Area: 2.22 Acres
Sale Price: $1,999,000
Unit Price: $900,450 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/5/2019

Overview / Comments

• Two parcels totaling 2.22 acres previously approved for an 88-room hotel and a restaurant
• Fully improved site with curb and sidewalk
• Across from University of California Riverside and Cal State San Bernardino’s Palm Desert campuses
• Ideally located just off I-10 and mid-way between Palm Springs and Indio, home of the renowned Music Festivals
• One mile from Classic Club, a nationally recognized championship course designed by Arnold Palmer
• One mile from the proposed 125-acre, 12,000-seat indoor sports stadium, The Shield at 1 Coyote Way

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 694-180-023, 025
Zoning: PCD, FCOZ (PLANNED COMMUNITY DEV, FREEWAY COMMERCIAL OVERLAY ZONE)
Property Visibility: Good
Largest Nearby Street: Cook St, I-10 Freeway

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,494 29,660 96,114
Median Age: 48.16 57.47 50.36
Households: 1,560 14,962 43,728

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