Hacienda Avenue
Desert Hot Springs, CA 92240
2.27 acres | #219038731PS
Description
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 represents unmatched Economic Opportunity for an astute developer!
Property Details
- ViewCityLights, Mountains, Panoramic
Measurements
- Acres2.27
Construction Details
- Property TypePurchase
Utilities / Energy Details
- Utility FeaturesElectricityAvailable, NaturalGasAvailable, SewerAvailable
- Sewer InformationUnknown
Community and Neighborhood Details
- SubdivisionNot Applicable-1
Location
- CountyRiverside
Financial Details
- Original List Price$998,000
Other
- MLS #219038731PS
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Alex Bias (#PS40418)
Listing Office: Desert Local Realty (#PS4321)
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