Hacienda Avenue, Desert Hot Springs, CA

$889,900

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2.27

Acres

About Hacienda Avenue

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! As the city of Desert Hot Springs continues to grow in appeal, so does the property value of this one of the few remaining 4.54 acres parcels on the left on the positive (North) side of the Hacienda Avenue. That provides an unobstructed 180 degrees Southwestern view of Coachella Valley (overlooking the North Palm Spring, White Water, and the San Gorgonio Mountains and Mountain Pass). These 4.54 acres can support 60 luxury view condominiums. Additionally, if the two 2.27 acres south adjacent parcels are acquired (under separate ownership), the additional 4.54 Acres (total of 9.8 acres) would be 120 condominiums.

Features of Hacienda Avenue

MLS® # 219038731
Price $889,900
Bathrooms 0.00
Acres 2.27
Type Land
Status Active

Community Information

Address Hacienda Avenue
Area 340 - Desert Hot Springs
Subdivision Not Applicable
City Desert Hot Springs
County Riverside
State CA
Zip Code 92240

Amenities

View City Lights, Mountain(s), Panoramic
Has Pool No

Interior

Fireplace No

Exterior

Lot Description 98881

School Information

Elementary Cabot Yerxa
High Desert Hot Springs

Additional Information

Days on Market 1526
Short Sale No
RE / Bank Owned No

Listing Details

AgentAlex Bias
OfficeDesert Local Realty

Listing Map

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