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    20 Ave Palm Springs, CA 92262

    For Sale
    $577,605

    1.56 Acres, I-10 access, ideal for cannabis.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.56-acre industrial land parcel presents a unique investment opportunity in Palm Springs, California. Strategically located at the I-10 and Indian Canyon offramp, this fully improved lot boasts curb and sidewalk infrastructure. The M2 zoning permits a wide range of industrial uses, notably including cannabis-related businesses. Benefit from the high traffic volume of Interstate 10, averaging 181,000 vehicles daily, making this site highly visible and accessible. The property's proximity to a rail line and the new 150,000 square foot FedEx ground facility enhances logistical advantages. Furthermore, its convenient location just six miles from Palm Springs International Airport provides excellent connectivity. This property is situated in Riverside County, at 20th Ave, Palm Springs, CA 92262 (APN 666-411-003). Palm Springs' revitalized development scene and strong economic growth make this a compelling investment prospect. The asking price for this exceptional property is $577,605. Don't miss this chance to capitalize on the thriving industrial market in a rapidly growing area.

    Property Features for 0 20 Ave

    General Information

    Property type
    Land
    Lot Size
    67,954 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.5727815
    Latitude
    33.8613433

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    FAQs

    What type of property is this?
    Land - 1.56 Acres, I-10 access, ideal for cannabis.
    Where is this land located?
    The property is located at 20 Ave Palm Springs, CA.
    What is the asking price?
    The asking price for this property is $577,605.
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    20 Ave Palm Springs, CA 92262
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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
    20 Ave Palm Springs, CA 92262
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