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22.63 AC COMMERCIAL/INDUSTRIAL
THERMAL, CA

NWC HIGHWAY 111 & AIRPORT BLVD, THERMAL, CA

FEATURES

  • Utilities to the Site
  • Commercial and industrial zoning
  • Approx. 13,800 cars/day on Hwy 111
  • New overpass at Airport Blvd & Highway 111
  • Prime Intersection at Hwy 111 and Airport Blvd.
  • New interchange at Airport Blvd & Expressway 86
  • Close to The Thermal Club, private high end race track
  • Close to the acclaimed Desert International Horse Park
  • Includes post office lease. Lease expires until 06/30/22
  • Close to entrance of Jacqueline Cochran Regional Airport

ASKING PRICE: $2,957,288 ($3/SF)

VICINITY MAP

Amenities

  • Location: Northwest corner of Hwy 111 and Airport Boulevard in the
    unincorporated community of Thermal located in the Eastern Coachella Valley,  Riverside County
  • Parcel Size: 22.63 acres
  • APNs: 763-350-023, 024 (Certificate of Compliance needed to make two parcels)
  • Zoning: Click here to view RivCo Zoning Ordinance
    19.44 AC: C1-CP (General  Commercial)
    3.19 AC: M-SC (Manufacturing Service Commercial)
  • Current Use: 2,060 sq. ft. building leased by the United States Post Office at $38,150 annually. Balance of the land is unimproved.
  • Utilities: Natural Gas, Electric, & Telephone on Site
    Water – 8” line on Airport Blvd; 18“ line in Airport Blvd at Polk St. (Will-serve letter available)
    Sewer – 18” force main line on Polk/Airport Blvd
  • Street Improvements: Full street improvements completed on Airport
    Blvd. Improvements are required along Hwy 111.
  • Comments: This property has 932 ft. of Hwy 111 frontage with excellent
    marketing visibility. There is tremendous retail opportunity being the only corner available at a major intersection, and it is the primary access from Expwy 86 and Hwy 111 to Jacqueline Cochran Regional Airport and world renowned resorts in La Quinta.

Parcel Map

OPPORTUNITY ZONE

Why is investing in an Opportunity Zone better than a 1031 Exchange?

Temporary Deferral:
Similar to a 1031 Exchange.

Step-up in Basis: After 5 years capital gains basis is increased by 10% and by an additional 5% if held for at least 7 years, thereby excluding up to 15% of the original gain from taxation. Permanent Exclusion: After 10 years the capital gains are permanently excluded from taxable income

Permanent Exclusion: After 10 years the capital gains are permanently excluded from taxable income.

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Attatchments
Disclaimer

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warrant or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions assumptions or estimates used are for example only, and do not represent the current or future performance of the property. ref: 07/01/22 #2289 JC

Contact
Susan Harvey profile photo

Susan Harvey, Owner
[email protected]
Mobile 760-250-8992
Office 760-360-8200
DRE License #00957590

Desert Pacific Properties Logo

Ranked #1 in the Coachella Valley for Commercial Real Estate

Paula Turner profile photo

Paula Turner, Broker
[email protected]
Mobile 760-578-6564
Office 760-360-8200
DRE License #00702492