87923 Airport Blvd Thermal, CA 92274
- Land
- 11.44 lot acres
Current Use by Public Records
- Land
Property Details for 87923 Airport Blvd
- Lot size
- 11.44 lot acres
- Property type
- Land
Description
This exceptional 11.44-acre commercial land parcel presents a unique investment opportunity in Thermal, California. Strategically located at the southeast corner of Expressway 86 and Airport Boulevard, this property boasts unparalleled access and visibility. The site is situated directly at the Expressway 86 off-ramp, providing convenient access for businesses and customers. Its proximity to Interstate 10 further enhances its strategic importance, making it a key location for regional and national commerce. Expressway 86 serves as a vital trade corridor connecting to Mexico, offering significant potential for businesses involved in cross-border activities. The property is also conveniently located near Jacqueline Cochran International Airport, Thermal Motorsports Racetrack (home to the $1 million Indy Car Challenge), and the Desert International Horse Park, one of North America's largest equestrian facilities hosting world-class competitions. This high-traffic area sees approximately 46,900 cars daily. The property is zoned R-A-20 (Residential Agricultural), offering flexibility for development. Located within the sphere of influence of Coachella, one of Riverside County's fastest-growing cities, this land benefits from a dynamic and expanding market. Furthermore, its location within an Opportunity Zone provides potential tax incentives for investors. The asking price is $4,983,264, with a land value of $10 per square foot. The APN is 757-070-052. This is a rare chance to acquire a significant commercial land holding in a rapidly developing area with exceptional access and visibility.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Thermal
- County
- Riverside
- State
- California
- Longitude
- -116.129
- Latitude
- 33.6405
