42500 Washington St - Commercial LAND FOR SALE


Bermuda Dunes, CA 92203 101,930 SF
$2,950,000 USD
626-243-5290
42500 Washington St, Bermuda Dunes, CA for Sale
$2,950,000 USD
Commercial LAND - FOR SALE
1/5
101,930 SF

42500 Washington St
Bermuda Dunes, CA 92203


HIGHLIGHTS

  • Fully entitled mixed use development with approvals in place and with no entitlement risk
  • Executed 16-year corporate guaranteed Childcare lease providing immediate long term income stability
  • 43-unit market rate apartment development ready for permitting
  • Approved lot split allowing each parcel to be developed or monetized independently
  • Exceptional mixed-use synergy combining residential housing with a nationally recognized childcare franchise
  • High barrier-to-entry location with strong demographic fundamentals and limited entitled development opportunities

OVERVIEW

The front parcel is fully entitled for the construction of an approximately 9,900 SF preschool facility featuring a 10,000 SF outdoor playground. The project is supported by an executed 16-year corporate-guaranteed lease with The Learning Experience, one of the nation's fastest-growing early childhood education providers, creating an exceptional opportunity for investors seeking stable, long-term income from an established national tenant. The rear parcel is fully entitled for the development of 43 market-rate apartment homes, comprising three levels of residential units over ground-level parking. The multifamily community is uniquely positioned to benefit from immediate access to on-site childcare, adjacent retail conveniences, and exceptional regional connectivity, including a three-minute drive to the Interstate 10 freeway on- and off-ramps. These attributes create an attractive living environment for families and professionals while enhancing the long-term desirability of the project. Together, these two entitled projects provide a compelling investment opportunity that combines the security of an income-producing, nationally leased asset with the upside of a fully entitled multifamily development. With all entitlements in place and an approved tentative tract map for the lot split, investors have the flexibility to develop, hold, or capitalize each parcel independently while benefiting from the natural synergy created by the complementary uses. Opportunities offering fully entitled mixed-use developments of this quality, with a long-term corporate tenant already secured and a development-ready multifamily component, are exceptionally rare, making this a unique opportunity for both developers and long-term investors.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/ACRE

$1,260,684/AC

PRICE/SF

$29 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Entitled Mixed-Use Development Opportunity

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Multi-Family, Apartment Units, Day Care Center

LAND ACRES

2.34 AC

LAND SF

101,930 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

MU

APN/PARCEL ID

609-020-024

ASK ABOUT THIS PROPERTY

Ielen SarkisianStrategic Development AdvisorsMore Info
626-243-5290

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Ielen SarkisianStrategic Development AdvisorsMore Info
626-243-5290

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.