44700 Deglet Noor St Indio, CA 92201
- Land
- 0.61 lot acres
Current Use by Public Records
- Land
Property Details for 44700 Deglet Noor St
- Lot size
- 0.61 lot acres
- Property type
- Land
Description
This exceptional 0.61-acre commercial and residential land parcel is ideally situated at the southeast corner of Indio Blvd and Deglet Noor Street in Indio, CA, 92201. Boasting 136.5 feet of Indio Blvd frontage, this corner lot benefits from its location within Indio's revitalized downtown area, a high-traffic zone along a heavily-commuted thoroughfare. The property features DT-SP zoning, permitting a variety of uses including service businesses, restaurants, and residential units above ground-level office space. The lot is paved with asphalt and enjoys convenient access to utilities. This prime location is further enhanced by its designation as an Opportunity Zone, offering potential tax advantages for investors. The Opportunity Zone designation allows for deferment of capital gains, a 10% reduction in deferred taxes after five years, a further 5% reduction after seven years, and tax-free capital gains after ten years. Prospective buyers are advised to conduct their own due diligence regarding these benefits. Indio is experiencing rapid growth, currently the fastest-growing city in the Coachella Valley with over 95,000 residents. Known for its vibrant festival scene (Coachella, Stagecoach, National Date Festival), Indio's pro-business city government supports numerous development projects, including retail, housing (both affordable and market-rate), entertainment venues, and various service businesses. The property's proximity to Interstate 10 provides excellent accessibility.
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
- Indio
- County
- Riverside
- State
- California
- Longitude
- -116.223
- Latitude
- 33.7241
