SHORT TERM RENTAL OPPORTUNITY. As the exclusive listing brokers, we are pleased to present the opportunity to acquire this DE-O zoned lot in a highly demanded and newly created Downtown District of Palm Desert. The creation of multi-story mixed use buildings near Highway 111, El Paseo, San Pablo Avenue and the Downtown edge is planned for higher density and city agreed Short Term Rental use makes this area a true hot spot. The multi-use zoning for DE-O offers limitless potential for building multi-residential with commercial building which also have city approved STRs or other multi-use options. Major mail box money potential!The City's newly updated General Plan identifies San Pablo Avenue as a key area for transformational change to facilitate the creation of a downtown/city center. The urbanization of the Downtown Palm Desert offers incredible opportunity and access to shopping, restaurants, and other commercial services at El Paseo and Highway 111 with residential neighborhoods and civic uses including Palm Desert City hall, College of the Desert, Civic Center Park, and the future CVLink.Sellers have a design compliant perspective and floor plan.Do not miss out on this DE-O lot available on the market today in the Downtown Palm Desert! Sellers also have an adjoining 8,500 sq/ft DE-O lot right next to this one which may be joined.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Based on information from California Regional Multiple Listing Service, Inc. as of 8/16/2022 2:21:26 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.