For Sale
$1,450,000

0 14.62 Ac Little Morongo RdDesert Hot Springs, CA 92240

14.62 Acres, I-L Zoning, Cannabis Permitted

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 14.62-acre parcel presents a unique investment opportunity in the thriving Desert Hot Springs industrial corridor. Zoned I-L (Light Industrial), the property allows for a diverse range of uses, including outside storage and crucially, cannabis cultivation, manufacturing, and distribution. Its prime location offers easy access to major transportation routes, streamlining logistics and operations. The property's designation within an Opportunity Zone provides significant tax advantages for investors, allowing for the deferral of capital gains taxes within industrial zones. Desert Hot Springs' business-friendly environment, boasting an average 10-day turnaround on plan checks, ensures a streamlined development process. The property's size and zoning make it ideal for large-scale industrial projects or a multi-faceted operation. The asking price is $1,450,000. The Assessor's Parcel Number (APN) is 663-270-005. This is a rare opportunity to acquire a substantial industrial land holding in a rapidly growing area with significant potential for future appreciation. The property is located at 14.62 ac Little Morongo Rd, Desert Hot Springs, CA 92240.

Highlights

  • $1,450,000 asking price for 14.62 acres of industrial land.
  • Located in Desert Hot Springs, CA, APN 663-270-005.
  • I-L (Light Industrial) zoning permitting cannabis cultivation, manufacturing, and distribution, plus outside storage.
  • Situated in Desert Hot Springs' industrial corridor, a business-friendly city with fast plan check turnaround.
  • Located in an Opportunity Zone, offering capital gains tax deferral benefits.

Property Details for 0 14.62 Ac Little Morongo Rd

Property type
Land, Industrial properties
Lot Size (sq. ft)
636,847 SF

Location Insight

City
Desert Hot Springs
County
Riverside
State
California
Latitude
33.9460717
Longitude
-116.5274149
14.62 Ac Little Morongo Rd, Desert Hot Springs, California

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0 14.62 Ac Little Morongo Rd
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