$180,000
$240,000
25.0%For more information regarding the value of a property, please contact us for a free consultation.
3.93 Acres Lot
SOLD DATE : 08/23/2024
Key Details
Sold Price $180,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 219096318DA
Sold Date 08/23/24
HOA Y/N Yes
Lot Size 3.930 Acres
Property Description
INCREDIBLE OPPORTUNITY!! For sale is a prime approximate 4-acre panoramic southern view parcel located at the corner of Hacienda and Verbena which includes prime Hacienda Street frontage. Per planning department, subject property is zoned VS-C. Per DHS municipal code, Land Use Standards for VS-C include Resorts, Hotel, Shopping Centers, Multi Family, and other uses. Property sits over one of the cities prime geothermal hot spring water areas. ADDITIONALLY, the subject property is in the QUALIFIED OPPORTUNITY ZONE (QOZ)!!! The Tax Cuts and Jobs Act of 2017 created QOZs to provide encouragement and potentially significant tax benefits to investors who invest into communities designated for economic development. Finally, the city has been given a grant to complete sidewalks and lights along Hacienda including a signal at Hacienda & Verbena corner. Property recently cleared. The adjacent lot, APN 641-282-005, is also available as a separate approximate 4 acres listing for $399,000 which could total your lot size to 8 acres! All information must be confirmed with city of DHS.
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Interior
Fireplace No
Exterior
Utilities Available Electricity Available, Phone Available, Sewer Available
View Y/N Yes
View Desert, Mountain(s), Panoramic
Others
Senior Community No
Tax ID 641282004
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with Jian Xing • Star Max Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "