Description

2 LOTS for a combined total of 14,810 SF In the Opportunity Zone: APN: 611-151-018 is also a part of this sale. Prime Mixed-Use Development Opportunity in Downtown Indio. Located within a federally designated Opportunity Zone, APNs 611-151-017 and 611-151-018 combine for a total of 14,810 SF (0.34 acres) and are zoned DT-N under the City of Indio's Downtown Neighborhood Specific Plan. This zoning allows for a wide range of uses including retail, commercial, educational, entertainment, and diverse housing options.The site is positioned along Oasis Street, a key multi-modal north-south corridor connecting Downtown Indio to major destinations including Midtown, the Empire Polo Grounds, resorts, and surrounding residential neighborhoods.The property previously received approvals for a 3-story mixed-use project featuring ground-floor commercial retail with residential apartments above. Project approvals expired in February 2025, and the seller is currently in the process of having approvals reinstated.All major utilities are available at the site, including natural gas, sewer, water, and electricity, significantly reducing development hurdles.Indio is the fastest-growing city in the Coachella Valley, ranked #30 fastest-growing city in the U.S., with an estimated 4,300 new housing units planned or under construction, making this an exceptional opportunity to capitalize on strong population growth and downtown revitalization.