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    15Th Ave Desert Hot Springs, CA 92240

    Sponsored
    For Sale
    $210,000

    1.28 Acres, CUP Approved, $210,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 1.28-acre industrial land parcel in Desert Hot Springs, California (APN 665-050-019), presents a unique investment opportunity. Zoned I-L Light Industrial, the property boasts a Conditional Use Permit (CUP 36-17) approved for a 22,176 square foot cannabis facility, valid until 2027. Situated within the Desert Hot Springs Industrial Park, this location offers unparalleled access to major transportation routes, including convenient proximity to Interstate 10, facilitating efficient distribution throughout Southern California. Desert Hot Springs is renowned as a leading location in Southern California for cannabis cultivation, extraction, and manufacturing, with over 1,400 acres zoned for unlimited cannabis operations with CUP approval. The asking price is $210,000, representing a significant reduction from the previous listing price. This property is ideally positioned to capitalize on the thriving cannabis industry in a prime Southern California location. The property's address is 15th Ave, Desert Hot Springs, CA 92240. This is a rare opportunity to acquire a ready-to-develop site with existing approvals, minimizing development hurdles and maximizing return on investment. The property is conveniently located near Palm Springs, offering additional advantages in terms of accessibility and infrastructure.

    Property Features for 0 15Th Ave

    General Information

    Property type
    Land
    Lot Size
    55,757 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Desert Hot Springs
    County
    Riverside
    State
    California
    Longitude
    -116.52741099716
    Latitude
    33.939690871303

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    FAQs

    What type of property is this?
    Land - 1.28 Acres, CUP Approved, $210,000
    Where is this land located?
    The property is located at 15Th Ave Desert Hot Springs, CA.
    What is the asking price?
    The asking price for this property is $210,000.
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    15Th Ave Desert Hot Springs, CA 92240
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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
    15Th Ave Desert Hot Springs, CA 92240
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