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Desert Hot Springs,CA 92240
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 219061872DA
Lot Size 4 Sqft
Property Description
The subject prime 4.24 rare zoned acres on Pierson Boulevard (600 feet of frontage) provides the opportunity for up to 64 multi-family units and/or commercial near new major developments including the 2,000+ residential home Skyborne Masterplan. The City of Desert Hot Springs is booming, not only because of the current flee to well-located suburban markets with affordable housing, but also because of the fast growing cannabis industry in the city which is 'ground-zero' here for the state of California. The City of Desert Hot Springs was one of the first cities to adopt pro-cannabis development policies including cultivation, manufacturing, distribution, and retail - which has just recently brought in thousands of brand new jobs to the city (which also creates a higher demand for new single & multi-family development), and millions of dollars of new tax revenue to the city. With the major new increased growth and advancement in city finances and jobs, the city has been awarded an 'A+' rating (by California State Auditor), and Desert Hot Springs is now considered one of the most financially stable cities in the state.
Location
State CA
County Riverside
Area Desert Hot Springs
Interior
Inclusions 664-040-015
Exterior
View Y/N No
Others
Special Listing Condition Standard