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$3,250,000
Est. payment /mo
1.37 Acres Lot
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Central Palm Springs
MLS Listing ID 219144637PS
HOA Y/N Yes
Lot Size 1.370 Acres
Property Description
15 Unit Medium-Density Multifamily Development Opportunity on 1.37-Acres in Central Palm Springs.Rare opportunity to acquire one of the few remaining multifamily infill development sites in central Palm Springs. This 1.37-acre parcel is planned for a 15-lot residential subdivision and is currently awaiting final approval, offering developers a compelling opportunity to deliver new housing in a supply-constrained market.Ideally positioned between downtown Palm Springs and The Palm Springs International Airport, the site provides convenient access to shopping, dining, entertainment, and major transportation corridors. Situated on fee land, the property offers the benefit of true land ownership, an increasingly valuable advantage in Palm Springs.Located on site of the former Gas Company building set to be sold separately or as a packaged deal.
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Zoning M-R
Interior
Fireplace No
Exterior
View Y/N Yes
View Mountain(s)
Others
Senior Community No
Tax ID 508070016
Acceptable Financing Cash to New Loan, 1031 Exchange, Owner May Carry
Listing Terms Cash to New Loan, 1031 Exchange, Owner May Carry
Special Listing Condition Standard
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Listed by Ryan Bragg Compass #02023459
NEARBY SCHOOLS & PROPERTIES
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Marissa Perez
Broker | License ID: 01814964