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46600 Tyler Street - 20 AC Zoned 30 Units/AC, Coachella, CA
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46600 Tyler Street - 20 AC Zoned 30 Units/AC
Coachella, CA 92236-2011 - Coachella Valley Submarket
For Sale Price:
Commercial, Mixed Use, MultiFamily, Hospitality
Previously developed lot
The property has the ambience of a south sea island with a 2 acre lagoon and 12,000 palm trees. The City of Coachella has indicated a willingness to allow a density of 30 dwelling units per acre.
The property has excellent frontage on Tyler Street and is visible from the freeway.
The property abuts the proposed Vista Del Agua development with 1500 homes. The site is also just north of the La Entrada 2200 acre development with 7000 homes planned as well as a planned new freeway interchange to better serve the area. The site is in the City's Entertainment Zone with 3 casinos and hotels.
Zoning: 3 acres C-N (Neighborhood Commercial) & 17 acres R-M (Residential Multiple Family, 30 DU/AC) General Plan: Urban Neighborhood
Rancho De Los Suenos (Ranch of Dreams) is a 20 acre private estate. It is easy to forget you are in the middle of the desert upon entering the magnificent surroundings. It includes the main ranch home, with 15 acre Palm Tree Nursery and 5 acre event center known as Corona Yacht Club. Corona Yacht Club can accommodate groups as large as 600. The average rental is $4,500 per event. Great opportunity to acquire property which offers mixed use zoning. Development Potential: Zoned for 30 units per acre of Multifamily. Ideal for a Hotel, Condominiums, Villas, Fractional Share Vacation Homes, or RV Resort.
5 Acre Event Center ($4,500 average rent per event)
3 Acres Zoned Commercial; Ideal for Boutique Hotel
12 Acres Zoned Multifamily; Allows up to 30 Units per Acre
9,000 Palm Trees
Asking: $3,900,000 ($4.47/SF)
The Corona Yacht Club is located just 25 minutes east of Palm Springs. Going east bound on I-10, use the right lane to take Hwy 86 S. Take the Dillion Rd exit and turn left on Dillion Rd, turn right on Vista Del Sur (frontage road) for ½ mile. Turn south on Tyler St for ¼ mile. The property is located on the east side. 46600 Tyler Street, Coachella, CA 92236.
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Desert Pacific Properties
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