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    Fred Waring Dr & Hoover St Indio, CA 92201

    Sponsored
    For Sale
    $3,293,136

    7.2-acre commercial/residential land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7.2-acre parcel, located in Indio, California at the corner of Fred Waring Dr & Hoover St (APN 610-280-002, 003), presents a unique mixed-use development opportunity. Zoned MUN (Mixed Use Neighborhood), this property allows for a blend of commercial and residential uses, potentially accommodating 20 to 40 dwelling units per acre. Its prime location offers high visibility, situated across from a Best Western Hotel and Arabian Gardens Mobile Home Park, with two signalized intersections ensuring easy access. The property benefits from its proximity to the revitalized Historic Downtown Indio, just two miles away. This area boasts significant recent development, including the Skyline at Bliss mixed-use apartment project, new restaurants, a substantial expansion of the College of the Desert, 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 and Stagecoach, contributing to a vibrant and growing economy. The city's pro-growth stance makes this a particularly attractive investment opportunity, priced at $3,293,136. This land offers significant potential for developers seeking to capitalize on Indio's thriving market and strategic location.

    Property Features for 0 Fred Waring Dr & Hoover St

    General Information

    Property type
    Land
    Lot Size
    313,632 SF

    HighLights

    • 7.2‑acre mixed‑use development site in Indio, CA.
    • Located at the corner of Fred Waring Dr & Hoover St (APN 610‑280‑002, 003), zoned MUN.
    • High visibility location near a Best Western and mobile home park, with two signalized intersections.
    • Potential for 20‑40 dwelling units per acre, close to revitalized downtown Indio.
    • $3,293,136 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Indio
    County
    Riverside
    State
    California
    Longitude
    -116.23786658504
    Latitude
    33.731403803682

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    FAQs

    What type of property is this?
    Land - 7.2-acre commercial/residential land.
    Where is this land located?
    The property is located at Fred Waring Dr & Hoover St Indio, CA.
    What is the asking price?
    The asking price for this property is $3,293,136.
    What are key features of this property?
    This property features: 7.2-acre mixed-use development site in Indio, CA.; Located at the corner of Fred Waring Dr & Hoover St (APN 610-280-002, 003), zoned MUN.; High visibility location near a Best Western and mobile home park, with two signalized intersections.
    (760) 360-8200
    Request Owner's contact information
    Fred Waring Dr & 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
    Fred Waring Dr & Hoover St Indio, CA 92201
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