72439 Twentynine Palms Highway 29 Palms CA 92277 | 21784704

72439 Twentynine Palms Highway
29 Palms, CA, 92277
$500,000
Beds
Baths
0 SqFt
0.62 Acres
Huge upside prime real-estate development opportunity in developing area located on Twentynine palms highway between El Rey Ave and La Tuna Ave in Smoke Tree. Subject property currently built two separate structures one 2 one bedroom residential rental units and a large undeveloped commercial building with a 1 bedroom on the second floor, with land to build or improve current structure.The land over 1/2 acre, this is a great Palm Springs alternative. Property located just over 1 mile from Project Phoenix:The City of Twentynine Palms has a plan for economic stimulation within the downtown area, referred to as Project Phoenix. The project focuses on public buildings, pedestrian paseo, public parking, and other infrastructure. We hope to attract some of the 3 million tourists visiting our south bordering neighbor, the Joshua Tree National Park, as well as serve military personnel and their dependents from our north bordering neighbor, the Twentynine Palms Marine Corps Air Ground Combat Center, local residents, contractors and developers. The City has hired Alavrez and Marsal Public Sector Services for their expertise to help with the future development of this project and its infrastructure, but we also recognize the need for private development to fully realize the project’s potential.The Project Phoenix area is south of Hwy 62, between Cholla Avenue and Tamarisk Avenue, 3 full blocks. The entire impact area is north and south of Hwy 62 from Adobe Road to Bullion Avenue, 9 full blocks. Parcels in this geographic area are from .25 acre to 3 acres; acquiring and assembling parcels may be required. The City plans to fund this project with Redevelopment Bonds ($10M) and other public and private resources.Proposed private uses are restaurants, retail, entertainment, and other uses that would complement the public buildings and serve the needs of tourists, military personnel, and locals that in turn would help create a more energetic inviting downtown area. Don’t miss this opportunity!

Property Details

Price:
$500,000
MLS #:
21784704
Status:
Active
Address:
72439 Twentynine Palms Highway
Type:
Residential Income
City:
29 Palms
Listed Date:
Sep 16, 2021
State:
CA
ZIP:
92277
Lot Size:
27,081 sqft / 0.62 acres (approx)
Year Built:
1940
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72439 Twentynine Palms Highway
29 Palms, CA
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