Fully Entitled Mix-Use Development Site (CN-20 Zoning)
Fully Entitled 3.32-Acre CN-20 Multifamily Development Site in Indio, CA – Online Auction
Marketing description
A unique investment opportunity for the right Buyer/Investor or Developer with the vision of developing a next-generation Sustainable Living and Wellness-themed development, focused on affordable luxury offerings in the Coachella Valley, a picturesque resort area in Southern California. Coachella Valley: famed for its pleasant climate and eclectic events, visiting snowbird travelers, remote-working Los Angeles executives, PGA/LPGA Tours, the BNP Paribas tennis tournament, and the Coachella Music Festival & Stagecoach Festival. Nestled in Southern California’s breathtaking desert landscape, the Coachella Valley is a world-class year-round resort destination celebrated for its sought-after desert climate and vibrant event calendar. Each winter, "snowbird" travelers flee the cold for its luxury resorts, while Southern California coastal residents escape to prestigious
second homes and weekend retreats.
This centrally located 3.32 +/- acre flat land has been acquired, graded and sloped, and is ready for construction by the right investor/buyer. The property is located on a newly paved road between the CA-111 and Dr. Carreon Boulevard in South Central Indio, the vicinity has strong demographics and is situated across a Master Planned Development Overlay (MPDO) destined for parks and new development. The development concept has an existing Basic P-type "Bed & Breakfast" permit, with necessary utility that will service the entire development. Planning Entitlement acquired. This property was originally planned for an exclusive community featuring 8 Bespoke Villa Rental properties, in which by design doubles as the latest event venue in the bustling Coachella Valley. Promoting healthy community living, fueled by cutting-edge intelligent infrastructure.
Click here to view the Digital Offering Memorandum: Digital Offering Memorandum
Click to bid: Fully Entitled 3.32-Acre CN-20 Multifamily Development Site in Indio – Online Auction
Investment highlights
- The Power Component: includes Solar, Storage, Geothermal and Combined heat & power; 30% ITC eligible.
- Source of Life: the latest in natural water enrichment, biofiltration, resource recovery, graywater separation. Property and boundary survey have been completed.
- Business Lines: luxury vacation rentals, private events (six venue options available), hospitality revenues including food & beverage, entertainment and therapies.
- All entitlements secured, CN-20 zoning, bed & breakfast permitted by right, event venue opportunities, Will-Serve letters secured, and a pre-graded flat site, Zero overlays (FEMA, fire, EJ, conservation, airport). Updated geotechnical report and environmental site assessment (Phase I ESA) have been completed.
- No easements, easements, encroachments, or access burdens of any kind, ensuring full control over site planning, circulation, and development.
- Project falls within the Owner-Builder exemption category.
- Appealing and desirable residential developable property with a strategic Midtown location, positioned within an active growth corridor, directly across from a Master Planned development overlay (MPDO) area.
- Located minutes from Palm Springs offering a private haven ideal for resort getaways and close proximity to Coachella Valley. Bed & breakfast use by right with discretionary approvals obtained.
- Ideal development and investment opportunity. Sub-5 Acre CEQA advantage. At just under five acres, the site benefits from categorical exemption under the California Environmental Quality Act, materially reducing entitlement risk and potentially saving up to a year in the permitting process.
- Convenient access to local amenities and close to arterials CA-111, minutes from JFK Memorial Hospital, the Coachella, Stagecoach festival grounds, PGA West, and Indian Wells Tennis Garden, supporting strong demand across hospitality and residential use cases.
- Very clean and well kept road system in place.
- A developer's dream with utilities (city water, city sewer and regional water service) present on-site with power capacity subject to typical upgrades depending on final use, significantly reducing infrastructure complexity.
- Great road frontage, with convenient access to CA-111 and the Valley's premier attractions.
- The entitlement pathway and timeline profile is comprehensive, allowing for multiple viable paths (hospitality, residential, live-work, entertainment and recreation) with the most complex zoning and use cases already established. Combined with competed diligence, including utilities, geotechnical, environmental, and survey work - the asset is actionable and highly adaptable to a buyer's specific vision.
- Click here to view the Digital Offering Memorandum: Digital Offering Memorandum
- Click to bid: Fully Entitled 3.32-Acre CN-20 Multifamily Development Site in Indio – Online Auction
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