Of Little Morongo Rd And 18 Ave NO PALM SPRINGS, CA 92258

Property Details for 0 Of Little Morongo Rd And 18 Ave

Lot size

0.98 lot acres

Property type

Land

Property subtype

Industrial properties

Description

This exceptional 0.98-acre industrial land parcel presents a unique investment opportunity in the thriving Desert Hot Springs, California market. Located southwest of the intersection of Little Morongo Road and 18th Avenue, this property boasts I-L zoning and is ideally situated for various industrial uses. Of particular note is the approved Conditional Use Permit (CUP 19-07) for the construction of a 42,689 square foot, two-story, four-tenant cannabis facility. This pre-approved plan significantly streamlines the development process, offering immediate potential for investors in the burgeoning cannabis industry. Desert Hot Springs is recognized as a leading location in Southern California for cannabis cultivation, extraction, and manufacturing, with over 1,500 acres zoned for unlimited activity with a CUP. The property's strategic location near Palm Springs and convenient access to Interstate 10 provides excellent connectivity to the entire Southern California region. Furthermore, its proximity to Coachillin’ Cannabis Park, the largest master-planned industrial cultivation and ancillary canna-business park in the United States, adds significant value and potential for synergy. A key advantage is the absence of manufacturing tax within the City of Desert Hot Springs, making this a highly attractive and cost-effective investment. The asking price for this exceptional property is $250,000. The zip code is 92258, and the property is located in Riverside County.

Location Insight

City

NO PALM SPRINGS

County

Riverside

State

California

Longitude

-116.541

Latitude

33.9238