Van Buren Street Land

Vacant Land for Sale
Catylist Listing ID: 30704925
Property Subtypes: Agricultural, Residential (Single 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: 3/1/2021

Overview / Comments

Two adjacent parcels of land that must be sold together, located just north of the Van Buren Plaza shopping center on Van Buren Street in Coachella, CA. The property is currently zoned agricultural, however, is is surrounded on three sides by newer residential subdivisions and on the other side by the Van Buren Plaza shopping center. The parcels are currently zoned agricultural, but could be changed to residential relatively easily. 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.

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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: Currently agricultural, but is not being used for agricultural purposes. Because it has residential subdivisions on three sides, a logical course of action would be to re-zone the property for the development of a subdivision of 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

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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

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