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Carole Waldchen, GRI, CSA, SRES
(858) 792-6085

cwaldchen@sbcglobal.net

DRE# 1414309
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Carole Waldchen, GRI, CSA, SRES
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(858) 792-6085

cwaldchen@
sbcglobal.net

DRE# 1414309
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(858) 792-6085
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SOLD
$1,999,000
Date 06/06/2023

80225 Us Highway 111
Indio, CA 92201

Land
Residence
12.56
Lot Size
Listing Agent: David Leventhal CalDRE: 01133285 - David Leventhal, Broker
FOR SALE, PRIME 12.56 ACRE parcel on Shield near Hwy 111. SUBJECT lot is part of 50 acre Polo Square (PS) Mixed Use Project Master Plan (PMP). Pursuant to PS PMP, approved by City in 2008 (available on city website), the PMP and current zoning approved Hotels, Residential, Commercial Retail & Office Uses. SUBJECT 12.5 ACRE parcel is currently zoned Medium Density Residential (North half aka Northern Parcel B, 7.1 acres) and Mixed Use (South half aka Northern Parcel A, 5.46 acres). North parcel B, 7.1 acres, was previously approved for 56 residential units. Entire lot adopted into Connected Neighborhood designation in 2019, which includes generous density bonus. City historically pro-growth, easy to work with and has generous vacation rental policy. Located minutes from Coachella Music Festival. Next in line development parcel, just over the LaQuinta border (Jefferson Street). Enormous opportunity for SFR, Live-Work Townhomes, Apartments, Assisted Living, Hotel or combination in an area poised for growth. Buyer to confirm all zoning and building information with the City of Indio.
219077637DA
Land, Other
Riverside
12.56 Acres
Unknown
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Listing Agent: David Leventhal CalDRE: 01133285 - David Leventhal, Broker
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