002 Nw Verbena 002 Dr, Desert Hot Springs, 92240

Lot-Land For Sale

$964,000

Beds
Baths
Sqft
Acres
Built
62DOM
MLS® #: 20549032
Active, 62 Days on Market

Opportunity Zone Property. 2.500 Acre (mineral water) Parcel (120-125 degrees at a depth of 300ft). With an unobstructed view of beautiful San Jacinto Mountains. The property (APN 642-081-002). Spa Hotel or Residential up to 14 units, homes, per acre. In April the General plan may increase the density of homes to 15 homes per acre. (Build 28-30 townhomes with individual private spas for each property) Utilities, roads, sewage accessible. This property is also in the New Market Tax Credit Zone. If application is accepted, the developer will receive 39% per million spent within a 7-year time frame. 2 adjacent lots are available for sale as well. This city is exploding. Mike Tyson Broke ground on 420 acres for a new development of Cannabis resort, amphitheater, glamcamps, the longest lazy river in the world, 5.4 miles away from this property. All four lots are available for sale.

Essential Information

MLS® #: 20549032
Price: $964,000
Bathrooms: 0.00
Acres: 2.50
Type: Lot-Land
Status: Active

Community Information

Address: 002 Nw Verbena 002 Dr
Area: Desert Hot Springs (340)
City: Desert Hot Springs
County: Riverside
State: CA
Zip Code: 92240

Amenities

View: Mountain View

Exterior

Lot Description: Street Asphalt

School Information

Elementary: CABOT YERXA ELEMENTARY
Middle: PAINTED HILLS MIDDLE
High: DESERT HOT SPRNGS HIGH

Additional Information

Date Listed: January 27th, 2020
Days on Market: 62
Zoning: O1
HOA Fees: 0.00

Listing Details

Listing Agent: Alizabeth James(01945214)
Listing Office: United Real Estate Los Angeles
Contact Ron Parks: Phone: 760-883-8613
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