2 Verbena 002 Drive Desert Hot Springs CA 92240 | 20549032

2 Verbena 002 Drive
Desert Hot Springs, CA, 92240
$964,000
Beds
Baths
0 SqFt
2.5 Acres
Opportunity Zone Property. 2.500 Acre (mineral water) Parcel (120-125 degrees at a depth of 300ft). With an unobstructed view of beautiful San Jacinto Mountains. The property (APN 642-081-002). Spa Hotel or Residential up to 14 units, homes, per acre. In April the General plan may increase the density of homes to 15 homes per acre. (Build 28-30 townhomes with individual private spas for each property) Utilities, roads, sewage accessible. This property is also in the New Market Tax Credit Zone. If application is accepted, the developer will receive 39% per million spent within a 7-year time frame. 2 adjacent lots are available for sale as well. This city is exploding. Mike Tyson Broke ground on 420 acres for a new development of Cannabis resort, amphitheater, glamcamps, the longest lazy river in the world, 5.4 miles away from this property. All four lots are available for sale.

Property Details

Price:
$964,000
MLS #:
20549032
Status:
Active
Address:
2 Verbena 002 Drive
Type:
Land
City:
Desert Hot Springs
Listed Date:
Jan 27, 2020
State:
CA
ZIP:
92240
Lot Size:
108,900 sqft / 2.50 acres (approx)
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2 Verbena 002 Drive
Desert Hot Springs, CA
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