MLS® ID: 219030638DA
80225 Highway 111
Indio, California, 92201 $3,125,000
FOR SALE, is a PRIME 12.56 ACRE parcel at Shield/Hwy 111. SUBJECT is part of the 50 acre Polo Square (PS) Mixed Use Project Master Plan (PMP). Pursuant to PS PMP, approved by City of Indio in 2008 (available on city website), the PMP approved 350,000sf Commercial Retail Uses, 200,000sf Commercial Offices, 120 Room Hotel, 2nd 35,000sf Hotel & 516 Residential Units. SUBJECT 12.5 ACRE parcel is currently up-zoned to Medium Density Residential (North half aka Northern Parcel B, 7.1 acres) and Mixed Use (South half aka Northern Parcel A, 5.46 acres). North parcel B, 7.1 acres, was approved for 56 residential units pursuant to PS PMP. Located minutes from Coachella Music Festival and the Indio Fashion Mall (recently sold and being redeveloped). Next in line parcel, just over the LaQuinta border (Jefferson Street). Enormous development opportunity in an area poised for growth. Buyer to confirm all zoning and provisions of PS PMP with the City of Indio.