19.31 AC MIXED-USE DEVELOPMENT SITE UP TO 40 DU/AC
PRIME COACHELLA VALLEY DEVELOPMENT SITE
SEC HIGHWAY 111 & MADISON ST, INDIO, CA
FEATURES
- Prime Highway 111 Mixed-Use property in the City of Indio
- Potential of up to 40 units per acre
- Located at signalized intersection
- 1,200 feet of excellent frontage on Highway 111
- Walk to Coachella & Stagecoach Music Festivals
- City has initiated Highway 111 street improvement project
- Close proximity to the acclaimed Madison Club, PGA West, The Montage & Pendry Hotel and much more!
- Highway 111 & Madison combined traffic count of 50,000 ADT
ASKING PRICE: $7,360,000 ($8.84/SF)
VICINITY MAP
Amenities
- Location: Property is located at the southeast corner of Highway 111 and Madison St in Indio, CA.
- Zoning: MU-SP 300 (Mixed Use – Specific Plan)
Click Here for MU-SP 300 Zoning Ordinance
Click Here for Highway 111 Corridor Specific Plan
(The city is currently updating the specific plan to allow up to
40 units per acre) - General Plan: Mixed Use (Specific Plan)
- APN: 616-130-034
- Parcel Size: 19.12 AC (832,867 SF)
- Utilities:
Electric: In Street
Domestic Water:
8” Main Line on Madison St
12” Main Line on Highway 111
Sewer: 12” Line on Highway 111 - Current Use: Farmground and Produce Stand
- Flood Zone: In 500 Year Zone
- Terms: Cash
- Comments: Indio is known as the City of Festivals. Nearly 1.4 million people visit the city annually to attend the Coachella Music Festival, Stagecoach Music Festival, Tamale Festival, Southwest Arts Festival, amongst many others. Trivago named Indio the number 2 top emerging travel destination. Indio is the largest and fastest growing city in the Coachella Valley with a current population of over 90,000 and expected population of 135,000 in 2035. The city is currently finalizing plans for Hwy 111 improvements on the property consisting of curb, gutter and sidewalk improvements. The property has impressive traffic counts of 31,000 and is located at the signalized intersection of Highway 111 and Madison St, two major transportation corridors
Photo Gallery
Demographics
| 1 Mile | 3 Miles | 5 Miles | |
|---|---|---|---|
| Population | 18,238 | 98,556 | 189,939 |
| Avg. Household | 5,324 | 31,009 | 61,494 |
| Average Household Income | $65,039 | $84,948 | $89,913 |
Attachments
Disclaimer
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property. ref: 01/09/23 JC
Contact
Susan Harvey, Owner
[email protected]
Mobile 760-250-8992
Office 760-360-8200
DRE License #00957590
Ranked #1 in the Coachella Valley for Commercial Real Estate
Paula Turner, Broker
[email protected]
Mobile 760-578-6564
Office 760-360-8200
DRE License #00702492