0 N Verbena Street

Estimated Monthly Payment: $4,551/mo 0 N Verbena Street, Desert Hot Springs, CA 92240 MLS# 219038692 Land Listing Status: Active
153
0
0
0

REMARKS:

The asking price for two adjacent primo 2.27 acres [4.54 acres total] is $998, 000 per for total of $1, 996, 000. Note: that there are two adjacent parcels north of the listed parcels: 2.5 acres fronting Verbena Drive is listed by another brokerage, owner of other 2.5 acres is interested but not committed. In short, the potential exists for an astute developer to acquire 9.54 acres of primo land! Extra! Desert Hot Springs is the first Southern California city to permit marijuana/cannabis cultivation to gain competitive advantage and economic sustainability. As of 7/12/2018 the city has licensed 16 MMJ Dispensary facilities. Former heavy-weight champion Mike Tyson has purchased 420 acres on Varner Road west of Palm Drive, north and south of the Interstate 10. Tyson plans to build the Tyson Ranch resort with 150 luxury bungalows, hotel with luxury suites, indoor waterpark, sports arena, recreational golf complex, conversed by the worlds' largest lazy river. Tyson is also hosting an annual weed-friendly three-day music festival, that is designed to rival the highly successful annual Coachella Music and Art festival held in Indio. The first Kind Showcase in Desert Hot Springs was held in February 2019. The 2nd festival to be held October 2020.

OVERVIEW:

Land
Active
340 - Desert Hot Springs
Not Applicable
2.54
Unknown

FEATURES:

City Lights, Mountain(s)

SCHOOLS:

Palm Springs Unified

FINANCIAL:

$998,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Listing Courtesy of Alex W Bias, Desert Local Realty

Based on information from the Desert Area MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data last updated: 07/12/2020