For Sale
$690,000
Status: Active

Request Info


Overview

MLS # 219044800DA
Listed on 06/20/2020
Status Active
Price $690,000
Type Land
Size of lot 92,347 sq ft
Neighborhood 32 @ AGAVE
Location address W Radio Road
Palm Springs 92262

Description


PalmSpringsisacityveryshortonmoderateandlowincomeresidentailrental units. This property represents an outstanding devleopment site. Under the R-2Zone,itisestimatedthat about30unitscouldbebuiltwithoutanydensity bonus. In an area of single family and multifamily residences. See maps on following page. The first map highlights the residential uses around the site. The Assessor's Map shows the almost square property, ideal for development.The land market for smaller parcels in the Palm Springs area has been limited over the past year and no sale comps are available for the local market. The Comp Section shows four comps with varied zoning from R-2 to M-1-P and asking s/f prices ranging from the Subject's price of $7.47 s/f to a high of $15.29 s/f with plans. Housing shortage + competitive pricing = opportunity!

General Information

School District Palm Springs Unified
Original List Price $690,000
Price Per Sq/Ft $7

Courtesy of: John Stiles / John Stiles, Broker

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