Thank you
Alex Bias
Desert Local Realty
760-671-5017
This a one of two adjacent primo 2.27 acres [4.54 acres total] frontage parcels; 668 ft. on the positive slope of the northside of Hacienda Ave and 303 ft. on Verbena Dr.; for a 270 Southwesterly view scape of Coachella Valley: San Jacinto Mountains and the entrance to the San Gorgonio Pass. Both parcels are zoned R-VS-H [Residential/Visitors-Service-High Density] Hot water spa, Hotel, or 14 Residential units] with 120-125 mineral springs at a depth of 300 ft., and utilities up to property. With a variance-of-use [petition City to amend General Plan] 56 to 60 townhomes on the two lots. Noting that a precedence has be set as the City Council granted Hacienda Hills development a variance of used to build 60 townhomes [completed 08/31/2009] within the 642-081-parcel block. Extra! Desert Hot Springs has been designated an Opportunity Zone [developers can defer or eliminate capital gain taxes up to 39% per million tax credit over 7 years], the California Business and Economic development Go-Biz initiative is offering income tax credit to business], and these parcels are in that opportunity zone. Albeit, this 4.54 acres is unmatched Economic Opportunity for an estute developer!
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Total Baths: 0
Sewer : Unknown
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 2.27
Lot Size Dimensions: 334' x 303' x 302' x 332'
Lot Size Source: Other
Lot Size Square Feet: 98881
Original List Price: 889,900
Listing Contract Date: 2020-02-10
Listing Agreement: Exclusive Right To Sell
Parcel Number: 642081004
Association: Yes
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 340 - Desert Hot Springs
Directions: North on Palm Drive, turn right (East) on Hacienda. Up approximately 3/4 mile is the vacant land parcels located on the left side of the street, on the corner of Verbena and Hacienda.
Zoning: 1TT9FEEJ3YTV
Source Property Type: Land
Area: 340 - Desert Hot Springs
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
65995 Thornton Road, Desert Hot Springs, CA,92240 | $1,120,000 | 4 | 1 | 2,668 | 317988 Sqft |
Kolbe Road, Desert Hot Springs, CA,92240 | $140,000 | -- | -- | -- | 653400 Sqft |
Pierson Boulevard, Desert Hot Springs, CA,92240 | $550,000 | -- | -- | -- | 4.24 Acres |
12415 Pomelo Drive, Desert Hot Springs, CA,92240 | $65,000 | -- | -- | -- | 8276 Sqft |
Skyline Drive, Desert Hot Springs, CA,92240 | $697,000 | -- | -- | -- | 920858 Sqft |
Mission Lakes Boulevard, Desert Hot Springs, CA,92240 | $265,000 | -- | -- | -- | 114998.4 Sqft |
15th Avenue, Desert Hot Springs, CA,92240 | $180,000 | -- | -- | -- | 54886 Sqft |
Hacienda Avenue, Desert Hot Springs, CA,92240 | $889,900 | -- | -- | -- | 98881 Sqft |
16605 Indian Canyon Drive, Desert Hot Springs, CA,92240 | $1,560,500 | -- | -- | -- | 199940 Sqft |
Miracle Hill, Desert Hot Springs, CA,92240 | $259,000 | -- | -- | -- | 102366 Sqft |
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ByOwner last updated this listing 04/27/2024 @ 08:41
MLS: 219038692PS
LISTED BY: Alex Bias, Desert Local Realty
SOURCE: CRMLS
Buyer Agency Compensation: 10%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.