$359,900 Price Analysis    ♡   Indio, CA 92201 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.34 acre lot. Listed 2024-04-26 | Ⓧ USDA Ineligible due to property near Indio |
Property is part of the Downtown Specific Plan.
Actual Zoning is DT-N (Downtown Neighborhood) up to 4 stories, walkable urban neighborhood. Large City of Indio parking lot across the street. Seller has old plans for 2-Story Commercial Office building with 8 Suites. The old plan calls for 22 parking space to accommodate 5, 536 square feet of rentable space. 15 of the parking spaces are planned on site, the balance of 7 spaces are located in the City of Indo parking lot behind the Applebee's restaurant located at the corner of Smurr and Hwy 111 across the street from the subject property.
It may be possible for a new owner to increase the amount of rentable square footage. The zoning allows the structure to be up to 4 Stories in height. The proximity of the County of Riverside Larson Justice Center makes property highly desirable for Commercial Office or Urban Mix Retail/Office use. Buyer should check with City of Indio to verify zoning and possible use, especially as it relates to the City parking lot to possibly qualify higher square footage use.
Presented by Robert Castro at
Arris Properties.
Property MLS #219110622 from PalmDesert
Lot Size Acres: 0.34
Lot Size Dimensions: 120' x 100', 30' x 100'
Lot Size Square Feet: 14810
Map directions Map directions Map directions Map directionsCounty: Riverside
Cross Street: Fargo
Current Use: Vacant
Source Property Type: Land
Possible Use: Commercial
Area: 311 - Indio Central
Source Neighborhood: 311 - Indio Central
Source System Name: C2C
$359,900
PalmDesert
Natural Gas Available
Water Source: In Street
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.