For Sale
$685,000
Status: Active

Request Info


Overview

MLS # 219035674PS
Listed on 12/20/2019
Status Active
Price $685,000
Type Land
Size of lot 32,000 sq ft
Neighborhood Chino Canyon
Location address 2393 N Palm Canyon Drive
Palm Springs 92262

Description


LAND PLUS INCOME. 5 contiguous lots improved with a Nursery paying $38,400 annual lease. Excellent location for price appreciation in prime development area on trendy North Palm Canyon Drive. Property comes with shipping container building, utilities in, including sewer, irrigation and fencing. Successful Nursery operating under a Conditional Use Permit wants to stay. Lease until 10/21 with 2 one year options at increased rent. Perfect for buy and hold or design your use while having income. Right across from major parcel for mixed use development. Would be great for many other uses allowed in this zone such as sculpture garden, wine/beer garden, etc. (see attached doc) or even mixed use residential. Back alley provides good circulation to the parking lot. Please do not discuss this offering with any employees of the Nursery.

General Information

Original List Price $685,000

Courtesy of: Scott Lyle / Douglas Elliman of California, Inc.

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