Active
0 Hacienda Avenue
Desert Hot Springs CA, 92240
$889,900
$9.00 per sqft
Active
2.27 Acres
Land
Listed by Alex Bias with Desert Local Realty (760) 671-5017
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 is unmatched Economic Opportunity for an estute developer!
219038692PS
MLSⓇ ID
February 10, 2020
Listed
May 9, 2024
Updated
Map
0 Hacienda Avenue
Desert Hot Springs CA, 92240
Exterior/Building Features
Lot Size
2.27 Acres
Sewer
Unknown
Other Property Details
Area Name
340 - Desert Hot Springs
Days on Market
1400
Association Fee
Not Listed
Garage
No
Parking Total
0
View
Yes
View Description
City Lights, Mountain(s), Panoramic
County
Riverside
Pool
No
Zoning
1TT9FEEJ3YTV
Buyer Agency Compensation
10%
Listing History
Date | Event | Price |
|---|---|---|
12/12/2023 | Price Change | $889,900 -11% |
9/27/2023 | Price Change | $998,000 11% |
Listing Contact: (760) 671-5017
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Data last updated on 5/9/2024 at 12:03 PM UTC