Desert Pacific Properties Logo

303 ACRES INVESTMENT LAND
OVERLOOKING SALTON SEA NORTH LAKE PROJECT

NORTH SIDE OF PARKSIDE DRIVE, NORTH SHORE, CA

FEATURES

  • Overlooking the proposed $19M 156-acre Salton Sea North Lake Pilot Demonstration Project. Click HERE for more info on project
  • Lender owned
  • Great location adjacent to residential in North Shore
  • Potential farmground adjacent to Coachella Canal
  • Gorgeous views overlooking the Salton Sea and Santa Rosa Mountains
  • Will consider joint venture
  • Visit saltonseaauthority.org for all restoration efforts

ASKING PRICE: $1,200,000 ($3,960/AC)

VICINITY MAP

303 AC S Parkside Dr, NS GIS Aerial Map

Amenities

  • Location: The property is located off of Highway 111 on the north side of Parkside Drive. Northerly border is 72nd Ave. and Coachella Canal. (Lat: 33.517963 / Long: -115.910053)
  • Zoning: W-2 (Controlled Development Areas)
  • General Plan: RD – Rural Desert
  • Current Use: Vacant Land
  • Soils: CdC – Carsitas gravelly sand, 0-9% slopes;
    CkB – Carsitas fine sand, 0-5% slopes;
    MaB – Myoma fine sand, 0-5% slopes;
    MaD – Myoma fine sand, 5-15% slopes
  • Elevation: 40 feet – warm ground for farming
  • Fault Zone: Yes (southern portion)
  • Parcel Size: 303 acres
  • APN: 723-350-001, 723-360-001
  • Utilities: Electric & 8” domestic water on Leeward Dr., 12” domestic water on Ave. 72 (unimproved road)
  • Multi-Species: No
  • Terms: Cash; owner will finance – make an offer
  • Adjacent Uses: Recreational and Vacant Land
  • Comments: Great potential for farmground in the warm area. Elevation on the north end is 40’ above sea level. Adjacent to residential and overlooks the Salton Sea.

North Lake Conceptual Drawing

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.

For More Information click the button below.

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: 07/20/22 #2253 JC

Contact
Paula Turner profile photo

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

Desert Pacific Properties Logo

Ranked #1 in the Coachella Valley for Commercial Real Estate

Susan Harvey profile photo

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