80225 Us Highway 111, Indio, CA 92201

$2,499,000
List Price
$2,499,000
Price Change
▼ $251,000 1658892270
Status
ACTIVE
MLS#
219077637
Lot Size
547,114
Days on Market
164
Property Type
Land
Neighborhood
Not Applicable

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.

Additional Information

Land Lease Type
Fee
View
Desert, Mountain(s)
Sewer
Unknown

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of David Leventhal, Broker.