Lot 1 San Jose Avenue Drive, Palm Desert, CA 92260

$259,000
List Price
$259,000
Status
ACTIVE
MLS#
219080773
Lot Size
8,712
Days on Market
14
Property Type
Land
Neighborhood
Not Applicable

Property Description

SHORT TERM RENTAL OPPORTUNITY. As the exclusive listing brokers, we are pleased to present the opportunity to acquire this DE-O zoned lot in a highly demanded and newly created Downtown District of Palm Desert. The creation of multi-story mixed use buildings near Highway 111, El Paseo, San Pablo Avenue and the Downtown edge is planned for higher density and city agreed Short Term Rental use makes this area a true hot spot. The multi-use zoning for DE-O offers limitless potential for building multi-residential with commercial building which also have city approved STRs or other multi-use options. Major mail box money potential! The City's newly updated General Plan identifies San Pablo Avenue as a key area for transformational change to facilitate the creation of a downtown/city center. The urbanization of the Downtown Palm Desert offers incredible opportunity and access to shopping, restaurants, and other commercial services at El Paseo and Highway 111 with residential neighborhoods and civic uses including Palm Desert City hall, College of the Desert, Civic Center Park, and the future CVLink. Sellers have a design compliant perspective and floor plan. Do not miss out on this DE-O lot available on the market today in the Downtown Palm Desert! Sellers also have an adjoining 7,840 sq/ft DE-O lot right next to this one which may be joined.

Additional Information

View
Mountain(s), Peek-A-Boo
Sewer
In Street on Bond
Water
In Street
Elementary School
Abraham Lincoln
Middle School
Palm Desert Charter
High School
Palm Desert

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Kristian Ardelian, Broker.