• Pierson Boulevard Desert Hot Springs, CA 92240

  • $550,000
  • 0
    Sq Ft
  • 4.24
    Acres
  • Listed By: Erik Christianson, The Hoffman Company, DRE #01475105
  • Source: CRMLS

The subject prime 4.24 rare zoned acres on Pierson Boulevard (600 feet of frontage) provides the opportunity for up to 64 multi-family units and/or commercial near new major developments including the 2,000+ residential home Skyborne Masterplan. The City of Desert Hot Springs is booming, not only because of the current flee to well-located suburban markets with affordable housing, but also because of the fast growing cannabis industry in the city which is 'ground-zero' here for the state of California. The City of Desert Hot Springs was one of the first cities to adopt pro-cannabis development policies including cultivation, manufacturing, distribution, and retail - which has just recently brought in thousands of brand new jobs to the city (which also creates a higher demand for new single & multi-family development), and millions of dollars of new tax revenue to the city. With the major new increased growth and advancement in city finances and jobs, the city has been awarded an 'A+' rating (by California State Auditor), and Desert Hot Springs is now considered one of the most financially stable cities in the state.

Property Type :

Land

Subdivision :

Fallbrook

County :

Riverside

Style :

Land

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Property Details

 

Bathroom Information

Total Baths: 0

Water/Sewer

Sewer : Other,Unknown

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.0001

Lot Size Source: Other

Lot Size Square Feet: 4.24

Listing Price Information

Original List Price: 550,000

Listing Contract Date: 2021-05-11

Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 664040015

Garage and Parking

Homeowners Association

Association: Yes

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: 340 - Desert Hot Springs

Directions: From Downtown Desert Hot Springs:Head south on Palm Dr toward Acoma Ave,Turn right onto Acoma Ave,Turn right at the 1st cross street onto Cactus Dr,Turn left at the 1st cross street onto Pierson Blvd,Property will be on your right.

Source Property Type: Land

Area: 340 - Desert Hot Springs

Building and Construction

Year Built Source: Vendor Enhanced

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Nearby Home Value

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Hacienda Avenue, Desert Hot Springs, CA,92240 $889,900 -- -- -- 98881 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 @ 02:49

MLS: 219061872DA
LISTED BY: Erik Christianson, The Hoffman Company
SOURCE: CRMLS
Buyer Agency Compensation: 3%
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.

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