82950 Highway 111

Property is part of the Downtown Specific Plan. Actual Zoning is DT-N (Downtown Neighborhood) up to 4 stories, walkable urban neighborhood. Large City of Indio parking lot across the street. Seller has old plans for 2-Story Commercial Office building with 8 Suites. The old plan calls for 22 parking space to accommodate 5,536 square feet of rentable space. 15 of the parking spaces are planned on site, the balance of 7 spaces are located in the City of Indio parking lot behind the Applebee's restaurant located at the corner of Smurr & Hwy 111 across the street from the subject property. It may be possible for a new owner to increase the amount of rentable square footage. The zoning allows the structure to be up to 4 Stories in height. The proximity of the County of Riverside Larson Justice Center makes property highly desirable for Commercial Office or Urban Mix Retail/Office use. Buyer should check with City of Indio to verify zoning and possible use, especially as it relates to the City parking lot to possibly qualify higher square footage use.