5.04 ACRE PRIME DEVELOPMENT SITE FOR SALE

Vacant Land for Sale
Catylist Listing ID: 30741327
Property Subtypes: Industrial, Office, Retail, Retail-Pad
Gross Land Area: 5.04 Acres
Sale Price: $2,495,000
Unit Price: $495,039 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/23/2021

Overview / Comments

This 5.04 acre prime development site has plans that were approved by the City of Indio. The approval has expired but can be resubmitted to the City to request re-approval. That project consisted of a two story 20,000 sf medical office building and eight additional mixed use commercial/industrial flex buildings that total approximately 58,200 sf. The site has several other development opportunities.
The current zoning allows for MEDICAL & PROFESSIONAL OFFICES AND INDUSTRIAL USES.
All of the off site improvements are complete.

The site has easy access to Interstate 10 via Monroe and Jackson.

It is located across Spectrum Street from the new Palms Walmart Center

Other major companies in close proximity to the site include Home Depot, Marshalls, Ross, Verizon, Walgreens, AutoZone, CVS, Starbucks, US Bank, First Bank, Chase Bank, LA Fitness, and several others are under construction and in planning stages.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 610-270-077
Zoning: COMMUNITY COMMERCIAL (CC)
Property Located Between: Monroe and Jackson
Property Visibility: Excellent
Largest Nearby Street: Interstate 10
Highway Access: Easy close access from Interstate 10 at either Monroe or Jackson to Showcase Parkway and Avenue 42
Topography: Level
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,640 73,862 144,206
Median Age: 29.39 32.63 35.58
Households: 3,329 22,028 46,443

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