Shopping Community
Retail redevelopment site
66550 Pierson Blvd, Desert Hot Springs, CA 92240
Listing Price: $2,395,000
Investment Overview
The property is zoned Commercial Downtown C-D,.
The code was recently updated to allow for residential within this zone up to 30 units per acre. Ideally a project on this site would be mixed-use having commercial on the ground floor and housing above. It could also contain an affordable housing component.
The property is within an Opportunity Zone.
The zone does allow for a Cannabis Lounge with a submittal and approval of a Conditional Use Permit.
The City has begun looking at options for an event space. These are very early discussions and options have not been identified, but the City wants to consider potential opportunities.
Exclusively Listed By
Financing By
Listing Price: $2,395,000
Investment Highlights
- Excellent redevelopment opportunity combined with long-term credit tenant occupancy
- Location at nexus of two major traffic arteries in City, zoned "visitor serving mixed use".
- Opportunity Zone
- Cannabis lounge suitable
Investment Overview
The property is zoned Commercial Downtown C-D,. The code was recently updated to allow for residential within this zone up to 30 units per acre. Ideally a project on this site would be mixed-use having commercial on the ground floor and housing above. It could also contain an affordable housing component. The property is within an Opportunity Zone. The zone does allow for a Cannabis Lounge with a submittal and approval of a Conditional Use Permit. The City has begun looking at options for an event space. These are very early discussions and options have not been identified, but the City wants to consider potential opportunities.
Exclusively Listed By
Financing By
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