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    OFF-MARKET
    Commercial real estate

    113 Venice Ln, Thermal, CA 92274

    0.21 ac lot
    Property ID
    US09-7807093
    Property summary
    AI-generated overview

    This exceptional 0.21-acre residential lot presents a unique opportunity in the desirable Desert Shores community of Thermal, California. Located on 113 Venice Lane, this vacant land boasts a prime location near the picturesque Salton Sea and the tranquil Desert Shores Canals. Its adjacency to existing residences ensures convenient access to utilities. This area is poised for revitalization, with plans to restore water flow to the canals, potentially increasing property value. The property is being sold "as-is," with the seller making no warranties except as to title. A significant advantage is the absence of HOA fees, coupled with lower Imperial Irrigation District (IID) electricity rates in this area. Historically, properties in this location enjoyed direct water access via boat, offering a glimpse into the area's potential future. The lot's APN is 001143008, and its zip code is 92274. This is an excellent investment opportunity for those seeking a piece of land in a developing area with potential for significant appreciation. The asking price for this remarkable property is $49,990.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 0.21 ac (9,148 SF)
    APN 001143008
    UPID US09-7807093
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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