MADRID | NORT INDIO CA€¦ · MADRID | NORT INDIO CA 101 SINGLE FAMILY LOTS* ON 29.1 ACRES | LOT...
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PRIME NORTH INDIO RESIDENTIAL LAND | PREVIOUSLY GRADED FOR 101 LOTS PROVEN SALES PACE ENTRY LEVEL HOME PRICING $350k’s-$400k’s+ | 7,200 SF MIN LOT SIZES ADJACENT TO SOLD OUT & NEWLY ACTIVE DR HORTON PROJECTS, COMMUNITY PARK, & NEAR RETAIL AT JACKSON/ I-10 INTERCHANGE AVENUE 43 AVENUE 43 HOPI AVE HOPI AVE AVENIDA ESTRELLA AVENIDA ESTRELLA CALHOUN ST CALHOUN ST JACKSON ST JACKSON ST AVENUE 42 AVENUE 42 10 SOLD OUT | 2019 HACIENDA POINTE ACTIVE | OPENED 2020 SHADOW RANCH $362K - $421K MADRID offers a rare prime North Indio location off of major arterial road Ave. 43, right off I-10 between the Jackson St. & Golf Center Pkwy. interchanges. The property was previously controlled last market cycle by a national homebuilder whom processed final engineering for 101 Single Family Lots on 29.1 Residential Acres, and had received initial architectural approval for 1 & 2-story home product ranging from 2,696 SF to 3,656 SF. The Tentative Tract Map is now technically expired, however can be retro-actively approved along-side final map approval.* This 29.1 acre community was envisioned as a desirable entry level project with low HOA fees. Additionally, previous developers had constructed the adjacent community park at a cost of $1M which includes a tennis court, basketball court, tot lot, shade structures, and green open space areas. With the City of Indio now currently sold out of finished lot inventory, Madrid offers the best new opportunity for entry-level new home development in the immediate area. THE CITY OF INDIO is the Coachella Valley’s fastest growing city, the 3rd fastest growing city in Southern California, and is endowed as the most populous city in the desert with 84,000 residents. Indio has become known both locally and across the nation as the “City of Festivals” with annual concerts and fairs breaking new attendance records every year. To keep up with the growing population, in the last six years alone, the city of Indio has invested more than $100M in infrastructure including paved roadways, landscaping, and upgraded water & sewer treatment plants. *Buyer to Verify. THE HOFFMAN COMPANY EXCLUSIVE OFFERING COACHELLA VALLEY OFFICE: 777 E Tahquitz Canyon Way, Suite 200, Palm Springs, CA 92262 | T (760) 969-7357 Erik Christianson CA DRE #01475105 C (949) 910-7337 T (949) 705-0920 echristianson@hoffmanland.com MADRID | NORTH INDIO, CA 101 SINGLE FAMILY LOTS* ON 29.1 ACRES | LOT SIZE 7,200 SF MIN (8,453 SF AVG) MARKET Coachella Valley LOCATION Indio (North), California INTERSECTION SEC of 43 rd Avenue & Calhoun Street (Off Jackson St & Golf Cntr Pkwy I-10 Interchanges) AREA LANDMARKS $1M Adjacent Community Park, Terra Lago Golf Course, Fantasy Springs Casino, Home Depot, 24 Hour Fitness PROPERTY SIZE 29.1 Acres LOT COUNT 101 Single Family Detached Lots* LOT SIZE 7,200 SF (Min) | 8,453 SF (Avg) ENTITLEMENTS Previously Approved TM #31974 – Available for Retro-Active Approval Upon Final Map Approval ZONING Low Density Residential SITE CONDITION Previously graded with streets cut. Sewer line is in on 43rd Ave. Improvement plans had previously been in plan check OFFER DEADLINE Offers to be considered and responded to as submitted PROPERTY DETAILS PROPERTY OVERVIEW & CITY OVERVIEW BROKER CONTACT INDIO QUICK FACTS HOME PRICES YOY: 7% MONTHLY INVENTORY: Only 3.1 Months Source: DataQuick, Market Watch, LLC, US Census Bureau AVENUE 43 AVENUE 43 AVENUE 43 AVENUE 43 INDIO 3 RD FASTEST GROWING CITY IN SO CAL SUBJECT PROPERTY SOUTH OF AVENUE 43 ADJACENT $1M PARK BUILT ADJACENT $1M PARK BUILT PROPERTY STREET VIEW SITE PLAN ADJACENT $1M PARK BUILT
Transcript of MADRID | NORT INDIO CA€¦ · MADRID | NORT INDIO CA 101 SINGLE FAMILY LOTS* ON 29.1 ACRES | LOT...
PRIME NORTH INDIO RESIDENTIAL LAND | PREVIOUSLY GRADED FOR 101 LOTS
PROVEN SALES PACE ENTRY LEVEL HOME PRICING $350k’s-$400k’s+ | 7,200 SF MIN LOT SIZES
ADJACENT TO SOLD OUT & NEWLY ACTIVE DR HORTON PROJECTS, COMMUNITY PARK, & NEAR RETAIL AT JACKSON/ I-10 INTERCHANGE
AVENUE 43
AVENUE 43
HOPI AVE
HOPI AVE
AVENIDA ESTRELLA
AVENIDA ESTRELLA
CALHOUN ST
CALHOUN ST
JACKSON STJACKSON ST
AVENUE 42AVENUE 42
10 SOLD OUT | 2019HACIENDA POINTE
ACTIVE | OPENED 2020SHADOW RANCH
$362k - $421k
MADRID offers a rare prime North Indio location off of major arterial road Ave. 43, right off I-10 between the Jackson St. & Golf Center Pkwy. interchanges. The property was previously controlled last market cycle by a national homebuilder whom processed final engineering for 101 Single Family Lots on 29.1 Residential Acres, and had received initial architectural approval for 1 & 2-story home product ranging from 2,696 SF to 3,656 SF. The Tentative Tract Map is now technically expired, however can be retro-actively approved along-side final map approval.* This 29.1 acre community was envisioned as a desirable entry level project with low HOA fees. Additionally, previous developers had constructed the adjacent community park at a cost of $1M which includes a tennis court, basketball court, tot lot, shade structures, and green open space areas. With the City of Indio now currently sold out of finished lot inventory, Madrid offers the best new opportunity for entry-level new home development in the immediate area.
THE CITY OF INDIO is the Coachella Valley’s fastest growing city, the 3rd fastest growing city in Southern California, and is endowed as the most populous city in the desert with 84,000 residents. Indio has become known both locally and across the nation as the “City of Festivals” with annual concerts and fairs breaking new attendance records every year. To keep up with the growing population, in the last six years alone, the city of Indio has invested more than $100M in infrastructure including paved roadways, landscaping, and upgraded water & sewer treatment plants.
*Buyer to Verify.
T H E H O F F M A N C O M P A N Y E X C L U S I V E O F F E R I N G
COACHELLA VALLEY OFFICE: 777 E Tahquitz Canyon Way, Suite 200, Palm Springs, CA 92262 | T (760) 969-7357
Erik ChristiansonCA DRE #01475105C (949) 910-7337T (949) [email protected]
MADRID | NORTH INDIO, CA 101 SINGLE FAMILY LOTS* ON 29.1 ACRES | LOT SIZE 7,200 SF MIN (8,453 SF AVG)
MARKET Coachella Valley
LOCATION Indio (North), California
INTERSECTION SEC of 43rd Avenue & Calhoun Street (Off Jackson St & Golf Cntr Pkwy I-10 Interchanges)
AREA LANDMARKS $1M Adjacent Community Park, Terra Lago Golf Course, Fantasy Springs Casino, Home Depot, 24 Hour Fitness
PROPERTY SIZE 29.1 Acres
LOT COUNT 101 Single Family Detached Lots*
LOT SIZE 7,200 SF (Min) | 8,453 SF (Avg)
ENTITLEMENTS Previously Approved TM #31974 – Available for Retro-Active Approval Upon Final Map Approval
ZONING Low Density Residential
SITE CONDITION Previously graded with streets cut. Sewer line is in on 43rd Ave. Improvement plans had previously been in plan check
OFFER DEADLINE Offers to be considered and responded to as submitted
PROPERTY DETAILS
PROPERTY OVERVIEW & CITY OVERVIEW
BROKER CONTACT
INDIO QUICK FACTS
HOME PRICES YOY: 7%
MONTHLY INVENTORY: Only 3.1 Months
Source: DataQuick, Market Watch, LLC, US Census Bureau
AVENUE 43
AVENUE 43AVENUE 43AVENUE 43
INDIO3RD FASTEST
GROWING CITYIN SO CAL
SUBJECT PROPERTYSOUTH OF AVENUE 43
ADJACENT $1M PARK BUILTADJACENT $1M PARK BUILTPROPERTY STREET VIEW SITE PLAN ADJACENT $1M PARK BUILT
