Parcel prices on the flyers.
Parcels are in a City of Indio “Key Development Zone,” designated as the “North Freeway Commercial Zone.”
The area is along the north side of the I-10 Freeway on Ave 42. New commercial and residential development is taking place all around the parcel in the immediate area. There are four retail shopping centers in the immediate vicinity.
It is an entire block diagonally in front of the Super Walmart. It is rough graded, streets are in place on all four sides with most of the curbs, gutters, sidewalks, and most utilities stubbed to the parcel.
The parcel fronts at a busy signalized corner at Ave 42 and Spectrum Street. The other three corners have stop signs.
There is an 850-student elementary school, just up the street, which just expanded to hold the increasing number of students.
It causes heavy traffic on Ave 42 twice a day, five days a week.
There is a close-by entrance gate to the 3,500-home Sun City Shadow Hills community, and the Sun City Palm Desert community, with 5,000 homes, is just two miles away.
The City of Indio is “The City of Festivals” and as a result, the various special events have a significant positive economic impact on Indio and the Coachella Valley overall.
Over 1 million people attend various annual events and festivals in Indio every year. It includes the world-famous Coachella Valley Music & Arts Festival every April with an attendance of 125,000 people on two consecutive weekends, and the Stagecoach Country Music Festival follows on the third weekend of April with an attendance of 85,000 people.
Indio is the RV headquarters of the Palm Springs area, with several RV resorts in town. Three of the RV resorts in Indio are rated in California's Top 10 Best RV Resorts. A couple of the resorts are for million-dollar motorcoaches only.
The Greater Palm Springs Convention & Visitor's Bureau began a marketing campaign a few years ago to increase annual overnight valley visitors from the then current 4 million to 20 million visitors by 2026.
The City of Indio supports new development.
The 11.43-acre parcel at Ave 42 and Spectrum Street in front of Walmart is a zoned regional commercial. The listed price is $5,949,795