0 Nec Jefferson St & Varner Rd Indio, CA 92203

This exceptional 3.81-acre commercial land parcel is situated at the northeast corner of Jefferson Street and Varner Road in Indio, California (APN: 691-290-035, 691-290-041, 691-290-042). Zoned PMP, it offers significant development opportunities. An approved site plan for retail already exists, and there's potential for multi-family development, with up to 20 units per acre on a potentially expanded 10-12 acre site. The property boasts 165,963 square feet and is listed at $2,489,454, or $15 per square foot. This prime location benefits from its proximity to Del Webb Shadow Hills, a 3,450-home community, and is conveniently located near the main freeway exit for the Coachella and Stagecoach Music Festivals. Furthermore, it's within one mile of Shadow Hills High School, Desert Ridge Middle School, and a new elementary school. The property enjoys impressive traffic counts and is in Indio, the fastest-growing city in the Coachella Valley. Three miles away is the new Coachella Valley Stadium/Arena, which opened in November 2022. This presents a unique investment opportunity with high potential for significant returns. The land value is also $15 per square foot. The property is currently vacant.