Active

0 Avenue 44

Coachella CA, 92243

$3,500,000


$2.30 per sqft

Active

35 Acres

Land

Listed by Tracy Bourgeois with Coldwell Banker Realty 949-644-1600

Welcome to an extraordinary investment, development, and builder prospect in the heart of Coachella, California. This expansive 35-acre parcel of level land presents a lucrative development opportunity due to its prime location adjacent to the Eagle Falls 18-hole Golf Course, its proximity to the 10 freeway, and the esteemed Fantasy Springs Casino. With awe-inspiring views of the surrounding mountains, this remarkable property is currently zoned R-D: Resort District. This zoning update as of August 2023 is a true game-changer, as it unlocks a multitude of development opportunities for investors, builders, and developers alike. Embracing the Resort District zoning, the property will offer an array of exciting possibilities including hotels, motels, restaurants, single-family homes, duplexes, triplexes, fourplexes, golf courses, multi-family dwellings, tourist attractions, and much more. The expansion of potential uses broadens the horizon for growth and profitability, ensuring a highly lucrative investment for those with the foresight to seize this unique chance.

It is important to note the COACHELLA Music and Art Festival and STAGECOACH are held in this area every year drawing in thousands of visitors over several weekends. In 2024, both events will be held approximately six miles away from this parcel of land at the Coachella Empire Polo Club.

This property also holds an enviable position as the city propels towards its visionary 2035 master plan, making it an exceptional location for your real estate venture. Notably, the impending La Entrada Master Planned Community serves as a resounding testament to the city's promising future. This visionary development is poised to redefine the very fabric of Coachella, offering a harmonious blend of residential, commercial, and recreational amenities. The forthcoming La Entrada Master Planned Community promises a seamless integration of vibrant neighborhoods, expansive parks, bustling shopping centers, and captivating entertainment venues.

With its strategic position within the evolving landscape of Coachella this property presents an unparalleled opportunity for astute investors and visionary developers. Embrace the potential of this prime location and become part of the city's exciting journey towards a brighter future.

OC23097579

MLS ID

June 9, 2023

Listed

March 28, 2024

Updated

Map

0 Avenue 44
Coachella CA, 92243

Exterior/Building Features

Lot Size

35 Acres


Lot Features

Irregular Lot, Level

Other Property Details

Area Name

315 - Coachella


Days on Market

265


Garage

No


View

Yes


View Description

Desert, Mountain(s)


County

Riverside


Water Source

None


Pool

No


Zoning

R-D: Resort District


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

2/19/2024

Price Change

$3,500,000

-23%

Listing Contact: 949-644-1600 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/28/2024 at 3:28 PM UTC

 

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