2.79 Ac Commercial Vacant Land for Sale

Vacant Land for Sale
Catylist Listing ID: 30329289
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad, Other
Gross Land Area: 2.79 Acres
Sale Price: $1,350,000
Unit Price: $483,870 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/5/2018

Overview / Comments

Location, Location, Location:
This is one of the very few remaining vacant sites in this robust commercial area of Coachella. It is within the Pueblo Viejo Revitalization Plan which is an urban design plan and development guide for Coachella’s downtown area. The subject property is one of the most desirable corners on which to participate in this historic development.

Property Overview:
The City of Coachella welcomes mixed-use development at this prime corner at the center of the booming downtown area. Development of the site will provide a long-term economic impact that will benefit the residents and businesses in the area for decades to come.

This 2.79 Acre corner parcel at Harrison St and 6th is at signalized intersection. It enjoys four highly visible sides - 213 SF frontage on Harrison St; 310 SF frontage on Baghdad St.; 488 SF on Tripoli and 100 SF frontage
on 6th St. Ingress and egress points at every street. It is one block west of Highway 111 and four miles south of Interstate 10.

Highlights:
-Approved Uses: Retail, Office, Medical, Social Services, High-Density Residential

-Population within a 3 Mile Radius of the subject has Grown 64.2% since 2010, and is forecast to grow an additional 15.9% by 2019

-New Housing Development Reflects the Percentage of Home Ownership Increasing from 49% in 2010, to 63% in 2016

-National Retailers in the area include 7-Eleven, Rite-Aid, Walgreens, 99 Cent Only, Cardenas Supermarket, Arco AM/PM, Del Taco, Jack in the Box, Auto Zone, plus several others in planning

Attachments & Media

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 778-081-001; 003
Zoning: CG

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,746 63,361 116,659
Median Age: 24.61 26.68 30.26
Households: 5,567 15,381 31,962
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