Sold

Lot 1 Alessandro Drive

Palm Desert CA, 92260

$250,000


$31.88 per sqft

Sold

0.18 Acres

Land

Listed by Kristian Ardelian with Kristian Ardelian, Broker (760) 250-0542

SHORT TERM RENTAL OPPORTUNITY. As the exclusive listing brokers, we are pleased to present the opportunity to acquire this DE-O zoned lot in a highly demanded and newly created Downtown District of Palm Desert. The creation of multi-story mixed use buildings near Highway 111, El Paseo, San Pablo Avenue and the Downtown edge is planned for higher density and city agreed Short Term Rental use makes this area a true hot spot. The multi-use zoning for DE-O offers limitless potential for building multi-residential with commercial building which also have city approved STRs or other multi-use options. Major mail box money potential!The City's newly updated General Plan identifies San Pablo Avenue as a key area for transformational change to facilitate the creation of a downtown/city center. The urbanization of the Downtown Palm Desert offers incredible opportunity and access to shopping, restaurants, and other commercial services at El Paseo and Highway 111 with residential neighborhoods and civic uses including Palm Desert City hall, College of the Desert, Civic Center Park, and the future CVLink.Sellers have a design compliant perspective and floor plan.Do not miss out on this DE-O lot available on the market today in the Downtown Palm Desert! Sellers also have an adjoining 8,500 sq/ft DE-O lot right next to this one which may be joined.

219080772DA

MLS ID

June 21, 2022

Listed

March 23, 2024

Updated

Map

Lot 1 Alessandro Drive
Palm Desert CA, 92260

Exterior/Building Features

Lot Size

0.18 Acres


Lot Features

2-5 Units/Acre, Corner Lot, Level, Rectangular Lot

Other Property Details

Area Name

322 - North Palm Desert


Days on Market

99


Association Fee

Not Listed


Garage

No


Parking Total

0


View

Yes


View Description

Mountain(s), Peek-A-Boo


County

Riverside


Pool

No


Buyer Agency Compensation

3%

Listing Contact: (760) 250-0542 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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 3/23/2024 at 1:31 AM UTC

 

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