0 Hacienda Avenue, Desert Hot Springs, CA 92240
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Listed Price :
$872,102
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
Property 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!
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
0 Hacienda Avenue |
| City |
Desert Hot Springs |
| State |
CA |
| Zip |
92240 |
| County |
Riverside |
| Listing Agent |
Alex Bias DRE #00710180 |
| Courtesy Of |
Desert Local Realty |
| List Price |
$872,102 |
| Status |
Active |
| Type |
Land |
| Structure Size |
N/A |
| Lot Size |
98,881 |
Listing information courtesy of: Alex Bias, Desert Local Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:21 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
