$872,102
2.27 Acre Lot

0 Hacienda Avenue, Desert Hot Springs, California 92240

  • Land Property Type
Property Description

Unlock the potential of two adjacent primo parcels spanning 4.54 acres (APN 642 081-003 and 004) in the thriving Desert Hot Springs area. Priced at $872,102 each, these parcels combine for a total of $1,744,204. Boasting 668 feet of frontage on Hacienda Ave and 303 feet on Verbena Drive, these parcels are perched on the positive slope of the north side, offering breathtaking 270 panoramic views of the San Jacinto Mountains and the San Gorgonio Pass. Zoned R-VS-H (Residential/Visitor-Service High Density), this land is ideal for hot water spas, hotels, or up to 14 residential units, with access to 120-125 mineral springs just 300 feet underground. Utilities are already in place, providing convenience and flexibility. Even more exciting, this land could host 56-60 townhomes with a variance of use, as seen in the nearby Hacienda Hills development. Take advantage of the Opportunity Zone designation, offering developers potential capital gains tax deferrals or eliminations up to 39% per million in tax credits over 7 years. Strategic Location: Positioned at the western gateway to Coachella Valley, just minutes from the renowned Desert Hot Springs resort spa area and 20 minutes to Palm Springs. With such potential for significant returns, this is an exceptional investment opportunity for the astute developer looking to capitalize on Desert Hot Springs’ booming growth and economic incentives!

Basic Details
Land
For Sale
219038731PS
$872,102
City Lights,Mountain(s),Panoramic
2.27 Acre
Active
Features
: Unknown
: Electricity Available, Sewer Available, Natural Gas Available
$0
Address Map
CA
Riverside
Desert Hot Springs
Not Applicable-1
92240
Hacienda
Avenue
W117° 31' 13.6''
N33° 56' 50.2''
North on Palm Drive. Turn right (East) on Hacienda. Approx. 3/4 mile, property is on the left corner of Verbena and Hacienda.
340 - Desert Hot Springs
R-VS-H
Additional Information
$0
$0
$0
$0
$0
332' x 303' x 303' x 331'
2020-02-10
845405
Broker/Agent Information
Desert Local Realty
Alex Bias
Financial
1
Listing Information
PS40418
PS4321
Active
2024-12-09T15:01:07Z
CRMLS
: Standard
2020-02-09T22:00:00Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069