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42500 Washington St
Bermuda Dunes, CA 92203 Coachella Valley

$2,950,000 USD

Land For Sale  •  2.34 AC

Property Details

  • Property Type Land
  • Lot Size 2.34 AC
  • Building Class C
  • Zoning MU
30 Transit Score
40 Walk Score

Description

The property consists of approximately 2.34 acres of commercially zoned land located at the intersection of Washington Street and Avenue of the States. Available information indicates the site is zoned Mixed-Use (MU) and has approved entitlements for an early education facility, including a planned building and playground area. The property is strategically positioned along a primary regional corridor that connects multiple Coachella Valley communities and is surrounded by existing retail, residential, and commercial development.
In addition, the rear parcel is fully entitled for the development of 43 market-rate apartment homes, designed as three levels of residential units above ground-level parking. The combination of entitled educational and multifamily residential uses provides a unique mixed-use development opportunity in a growing and well-connected area of the Coachella Valley.

Highlights

Fully entitled mixed use development with approvals in place and with no entitlement risk
Executed 16-year corporate guaranteed Childcare lease providing immediate long term income stability
43-unit market rate apartment development ready for permitting
Approved lot split allowing each parcel to be developed or monetized independently
Exceptional mixed-use synergy combining residential housing with a nationally recognized childcare franchise
High barrier-to-entry location with strong demographic fundamentals and limited entitled development opportunities

Property Flyers

Public Transportation

AirportDriveWalkDistance
Palm Springs International 21 min - 19.8 mi
Ielen Sarkisian 626-243-5290 Strategic Development Advisors
Ielen Sarkisian 626-243-5290 Strategic Development Advisors