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    Hoover St Indio, CA 92201

    Sponsored
    For Sale
    $1,100,000

    3.23 Acres, Prime Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3.23-acre parcel presents a remarkable investment opportunity in Indio, California. Located in a Mixed Use Neighborhood (MUN) zoning area, this property offers significant development potential. Its strategic corner location provides excellent visibility and accessibility, situated adjacent to a Best Western Hotel and Arabian Gardens Mobile Home Park, and surrounded by neighborhood commercial uses. The land's potential is further enhanced by its proximity to Indio's revitalized downtown area, just two miles away. This area boasts recent additions such as the Skyline at Bliss mixed-use apartment project (64 units), several new restaurants, a substantial expansion of the College of the Desert (67,000 sq ft, $75M investment), a new amphitheater, city hall, and library. Indio, the largest city in the Coachella Valley, is renowned as the "City of Festivals," hosting major events like Coachella, Stagecoach, and Desert Trip. This pro-growth environment welcomes new development, making this 3.23-acre lot ideally suited for projects such as apartments (with potential density of 20 to 40 units per acre). The property's APN is 610-280-001. The asking price is $1,100,000. This is a rare chance to acquire a significant land holding in a thriving and rapidly developing area.

    Property Features for 0 Hoover St

    General Information

    Property type
    Land
    Lot Size
    140,699 SF

    HighLights

    • $1,100,000 asking price for 3.23 acres of land.
    • Mixed‑use (MUN) zoning permits commercial and residential development.
    • Corner lot, adjacent to a Best Western Hotel, mobile home park, and other commercial uses.
    • Located two miles from revitalized downtown Indio, near new mixed‑use projects, restaurants, and educational facilities.
    • Situated in Indio, California, the largest city in the Coachella Valley, known for its festivals and pro‑growth environment.
    • APN: 610‑280‑001.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Indio
    County
    Riverside
    State
    California
    Longitude
    -116.23805682826
    Latitude
    33.729813717101

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    FAQs

    What type of property is this?
    Land - 3.23 Acres, Prime Location, High Potential
    Where is this land located?
    The property is located at Hoover St Indio, CA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price for 3.23 acres of land.; Mixed-use (MUN) zoning permits commercial and residential development.; Corner lot, adjacent to a Best Western Hotel, mobile home park, and other commercial uses.
    (760) 360-8200
    Request Owner's contact information
    Hoover St Indio, CA 92201
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    Indio, CA 92201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Hoover St Indio, CA 92201
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