Sold
80225 Us Highway 111
Indio CA, 92201
$1,999,000
$3.65 per sqft
Sold
12.56 Acres
Land
Listed by David Leventhal with David Leventhal, Broker 661-251-1000
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.
219077637DA
MLSⓇ ID
April 21, 2022
Listed
March 23, 2024
Updated
Map
80225 Us Highway 111
Indio CA, 92201
Exterior/Building Features
Lot Size
12.56 Acres
Lot Features
Paved
Sewer
Unknown
Other Property Details
Area Name
699 - Not Defined
Days on Market
319
Association Fee
Not Listed
Garage
No
Parking Total
0
View
Yes
View Description
Desert, Mountain(s)
County
Riverside
Pool
No
Buyer Agency Compensation
3%
Listing Contact: 661-251-1000
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:30 AM UTC