Van Buren Street Land

Vacant Land for Sale
Catylist Listing ID: 30704925
Property Subtypes: Multi-Family
Gross Land Area: 12.84 Acres
Sale Price: $1,118,620
Unit Price: $87,119 Per Acre
Sale Terms: Cash to Seller
Auction License Number: N/A
Cap Rate: Undisclosed
Last Updated: 6/15/2021

Overview / Comments

Two parcels of land that must be sold together.
1. APN 603-260-50. This is a 12.12 acre parcel of raw land located on the east side of Van Buren Street just north of the Van Buren Plaza shopping center, which is located on Avenue 50 at Van Buren, in the city of Coachella, CA. It is currently Zoned RM/PUD (Residential Multiple Family/Planned Unit Development) and is surrounded by residential subdivisions. It has a previously approved Tentative Tract Map No. 34434 which showed up to 172 single family homes.
The property has 833.37 feet of frontage on Van Buren Avenue and is 611.28 feet deep.

2. APN 603-260-48. This is a 0.72 acre parcel of raw land that abuts the above property in its SE corner. This parcel is shown on Tentative Tract Map No. 34434 as being the location of the storm water retention basin for the proposed 172 single family home subdivision. The property measures 348.61 feet from north to south and 89.39 feet from east to west.
Rancho Las Flores Park and Event Venue is just a few blocks north of the properties. With relatively flat topography and utilities already installed along the west property line along Van Buren Street, these properties present an excellent opportunity for a residential subdivision developer. Van Buren Street has 4 lanes, as does nearby Avenue 50.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Taxing Authority: Riverside County
Tax ID/APN: 603-260-50 and 603-260-48
Zoning: AGRICULTURAL
Property Located Between: Avenue 49 and Avenue 50 in Coachella
Property Visibility: Excellent
Legal Description: APN 603-260-050 and 603-260-048
Largest Nearby Street: Van Buren Street
Feet of Frontage: 833
Highway Access: CA Hwy. 86 is located approximately one mile east of the property.
Airports: Pals Springs International; Jacqueline Cochran
Site Description: Relatively flat undeveloped land with 833+ feet of frontage along Van Buren Street.
Area Description: This property is located on the west side of Coachella where most of the new residential subdivisions have been constructed and will continue to be constructed.
Lot Frontage: 833
Lot Depth: 611
Zoning Description: It is currently Zoned RM/PUD (Residential Multiple Family/Planned Unit Development) and is surrounded by residential subdivisions. It has a previously approved Tentative Tract Map No. 34434 which showed up to 172 single family homes.
Development Name: N/A
Topography: Level
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,219 85,457 141,679
Median Age: 24.9 27.55 32.93
Households: 3,693 21,985 41,830

Sponsoring Organization

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Desert Area Commercial Information Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.