Hacienda Avenue, Desert Hot Springs

$889,900

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2.27

Acres

About Hacienda Avenue

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!

Features of Hacienda Avenue

MLS® # 219038692PS
Price $889,900
Bathrooms 0.00
Acres 2.27
Type Land
Status Active

Community Information

Address Hacienda Avenue
Area 340 - Desert Hot Springs
Subdivision Not Applicable-1
City Desert Hot Springs
County Riverside
Zip Code 92240

Amenities

Utilities Electricity Available, Natural Gas Available, Sewer Available
View City Lights, Mountain(s), Panoramic
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No

Additional Information

Date Listed February 10th, 2020
Days on Market 1563
Zoning 1TT9FEEJ3YTV
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentAlex Bias
OfficeDesert Local Realty

Listing Map

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