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Key Details
Sold Price $1,999,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 219077637DA
Lot Size 12.560 Acres
Property Description
FOR SALE, PRIME 12.56 ACRE parcel on Shield near Hwy 111. SUBJECT lot is part of 50 acre Polo Square (PS) Mixed Use Project Master Plan (PMP). Pursuant to PS PMP, approved by City in 2008 (available on city website), the PMP and current zoning approved Hotels, Residential, Commercial Retail & Office Uses. SUBJECT 12.5 ACRE parcel is currently zoned Medium Density Residential (North half aka Northern Parcel B, 7.1 acres) and Mixed Use (South half aka Northern Parcel A, 5.46 acres). North parcel B, 7.1 acres, was previously approved for 56 residential units. Entire lot adopted into Connected Neighborhood designation in 2019, which includes generous density bonus. City historically pro-growth, easy to work with and has generous vacation rental policy. Located minutes from Coachella Music Festival. Next in line development parcel, just over the LaQuinta border (Jefferson Street). Enormous opportunity for SFR, Live-Work Townhomes, Apartments, Assisted Living, Hotel or combination in an area poised for growth. Buyer to confirm all zoning and building information with the City of Indio.
Location
State CA
County Riverside
Area 699 - Not Defined
Exterior
Utilities Available Electricity Available, Natural Gas Available, Phone Available
View Y/N Yes
View Desert, Mountain(s)
Building
Lot Description Paved
Sewer Unknown
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Bought with Paula Turner • Desert Pacific Properties