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.73 AC COMMERCIAL LAND

Opportunity Zone
JACKSON ST & 45TH AVE, INDIO, CA

Features

  • Easy access to I-10 freeway
  • Approx. 240 ft of frontage on Jackson St
  • Great visibility on one of the most traveled corridors in the east valley
  • 14,000 cars/day on Jackson
  • 1 mile from historic downtown Indio where new development is occurring and the college of the desert campus is growing rapidly
  • In the Opportunity Zone providing the opportunity for tremendous tax benefits
  • Indio has the highest population in the Coachella Valley

Asking Price: $299,000 ($9.42/SF)

Vicinity Map

Amenities

  • APN: 611-134-014
  • Parcel Size: .73 Acres
  • Zoning: R-C (Regional Commercial District)
  • General Plan: CC (Community Commercial)
  • Utilities: Water: 24” main in Jackson St; 10” line in Ave 45
  • Current Use: Vacant Land
  • Opportunity Zone: In
  • Earthquake Fault Zone: No
  • Flood: 500 year
  • Terms: Cash
  • Comments: This property is located near a predominantly residential area. The site is just .5 mile from Interstate 10 providing easy access to all areas of the valley. The property has great access and visibility
  • Directions: From Los Angeles, head east on I-10. Continue onto I-10 E/San Bernardino Freeway for 126 miles. Take an exit to 143 from I-10 E. Turn right on Jackson St. In 0.9 miles the property is on your right

Demographics

2019 Population
1mi: 13,964
3mi: 84,769
5mi: 1,152,015

# of Households
1mi: 3,517
3mi: 24,801
5mi: 46,865

Average HH Income
1mi: $46,681
3mi: $47,617
5mi: $53,222

WHAT IS AN 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.

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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: JC 05/24/21#2268

Contact
Susan Harvey profile photo

Susan Harvey, Owner
susan@dppllc.com
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
paula@dppllc.com
Mobile 760-578-6564
Office 760-360-8200
DRE License #00702492