Listed by Equity Union, Meade Commercial
$2,200,000
6.1 Acres Vacant Commercial Land
Details
APN 656-020-046
Property Type Retail, Mixed Use
Sub Type Convenience Store, QSR/Fast Food
Square Footage 265,716
Tenancy Vacant
Lease Options NO
Broker Co-Op Yes
Acreage 6.100
Zoning Commercial General (C-G)
Ownership Fee Simple
6.1 Acres on APN 656-020-046 – Commercial General (C-G)
Marketing description
Located in a major retail hub with a traffic count of 24,000+ card per day. The subject property has many nearby residents developments as well as those currently under construction. Centrally located. Ingress and egress from Palm Drive.
Access: There is a 30 foot access easement on the south side of Grocery Outlet along Park Lane that can be utilized by this proposed development for access. The City is currently designing the traffic signal at Palm Drive at Park Lane (Developer to pay their Prorate Share determined by a Traffic Impact Analysis of their project) and will include the re-alignment of that intersection, undergrounding of the poles on the south side, and constructing a wider access point to be used by Grocery Outlet and by this proposed development. This will be constructed by the City and will be constructed along with the timeline of a new development at this location.
Sub-Division Improvement Agreement (as stated in Prelim): In this case all public improvements from Grocery Outlet have been completed, inspected and accepted and all bonds released. Utilities: The City of Desert Hot Springs current policy is that overhead utility lines are to be undergrounded. We don’t have an exact cost, but SCE should be able to give you an estimate.
Site Location - This site is located in the ideal center of the City. With the cities largest park across the street, a library, two schools along Two Bunch Palms, and two other shopping centers. Palm Drive at Two Bunch Palms has the highest traffic counts from all other segments along Palm Drive. There are two new large multifamily developments across from Palm Drive that going through the entitlement process now which will make this site even more desirable. 76 New Homes by Lennar at Rancho Descanso are currently being built in a new private community on Palm Drive at Camino Campanero. The first City in Southern California to legalize cannabis, Desert Hot Springs embraces and empowers business owners from many industries. At the same time, it offers many enticing qualities for entrepreneurs and residents alike. The City of Desert Hot Springs is committed to becoming a world class health and wellness destination based upon its famous miracle waters, unique desert ecosystem, spectacular mountain views, and natural environment.
The Subject Property Has Many Nearby Residential Developments as Well as Those Currently Under Construction or in the Planning Process. Located in a Retail Hub Centrally Located in Desert Hot Springs Ca With a Traffic Count of 24,000+ Cars Per Day.
The First City in Southern California to Legalize Cannabis, Desert Hot Springs Embraces and Empowers Business Owners From Many Industries. at the Same Time, It Offers Many Enticing Qualities for Entrepreneurs and Residents Alike. the City of Desert Hot Springs is Committed to Becoming a World Class Health and Wellness Destination Based Upon Its Famous Miracle Waters, Unique Desert Ecosystem, Spectacular Mountain Views, and Natural Environment.
Investment highlights
- 6.1 Acres
- APN: 656-020-046
- Utilities to Site
- 244' Palm Drive Street Frontage
- Regionally Accessible Via the I-10
- Retailers at this intersection include: Grocery Outlet, Pizza Hut, T-mobile, Vons and USPS
- Strong Demographic Characteristics in the surrounding area
Listing Contacts
Listed by Equity Union, Meade Commercial
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