113 Venice Ln, Thermal, CA 92274
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.