$2,350,000
$2,350,000
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82360 US Highway 111 Indio, CA 92201
0.94 Acres Lot
Key Details
Sold Price $2,350,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW23208152
Sold Date 03/22/24
HOA Y/N No
Year Built 2004
Annual Tax Amount $32,777
Tax Year 2023
Lot Size 0.940 Acres
Lot Dimensions Assessor
Property Description
The Offering
•
We are pleased to present a rare opportunity to
acquire South Rubidoux ( 82360 Highway 111, Indio CA ) a strip
center servicing the Coachella Valley located directly off the dominant
desert artery Highway 111.
Indio is the third fastest growing City in Southern California, and is the
largest city in the desert by population with approximately 90,000 full
time residents and more than 30,000 additional residents during
winter months. The average household income exceed $96,000
within a 5 mile radius.
The property been offered for sale is located directly across the Indio
Grand Marketplace, a redevelopment of the current Indio Mall, which
will feature up to 400 new residential units and hospitality element,
further enhancing the overall location.
Location
State CA
County Riverside
Area 699 - Not Defined
Zoning C
Interior
Heating None
Cooling Central Air
Fireplace No
Laundry None
Building
Story 1
Water Public
Others
Tax ID 611110045
Security Features 24 Hour Security
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash
Special Listing Condition Standard
Lease Land No
Read Less
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Bought with Randy Nehme • Citywide Brokers