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Jeff Robinson760.772.6400 x228CalDRE #[email protected]
www.cbclyle.net©2018 Coldwell Banker Real Estate LLC, Coldwell Banker Commercial Lyle & Associates Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell BankerReal Estate LLC, Coldwell Banker Commercial Lyle & Associates Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act.Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned byColdwell Banker Real Estate LLC, Coldwell Banker Commercial Lyle & Associates Coldwell Banker Commercial Affiliates. Each sales representative and broker isresponsible for complying with any consumer disclosure laws or regulations.
COLDWELL BANKER COMMERCIALLYLE & ASSOCIATES
78000 FRED WARING DRIVE | SUITE 200PALM DESERT, CA 92211
760-772-6400
LOCATION DESCRIPTION
Gerald Ford Drive, north of Frank Sinatra Drive - Across from the Cal StateSan Bernardino Palm Desert Campus.One mile from Classic Club, a nationally recognized championship coursedesigned by Arnold Palmer. Across from the proposed 125-acre, 12,000 seatindoor sports stadium, The Shield at 1 Coyote Way.
PROPERTY DESCRIPTION
The City of Palm Desert conceptually approved a site plan for 150 apartmentunits in 2017. If developed as proposed, a precise plan application reviewand approval by the Architectural Review Commission and PlanningCommission will be required - no City Council hearing. Changes to the usewill require a City Council hearing and approval.
PROPERTY HIGHLIGHTS
• Approved for 150 apartment units
• (120 Market Rate + 30 Affordable Units)
• ±6.8 Acres
• $17,666 per unit
• Zoned PR-19
• No bonds or CFD encumbering the Site
• All utilities are available to the Site
• Apartment Vacancy Rate 4.1% in PalmDesert
• Rents range from $824 to $1,216
GERALD FORD DRIVE, PALM DESERT, CA 92211±6.8 ACRES-CONCEPTUALLY APPROVED FOR 150 UNITS
/ /LAN
D FOR SALE$2,650,000
COLDWELL BANKER COMMERCIAL | 78000 FRED WARING DR, SUITE 200, PALM DESERT, CA 92211 | 760.772.6400 | WWW.CBCLYLE.NET
Jeff Robinson760.772.6400 x228CalDRE #[email protected]
POPULATION 1 MILE 5 MILES 10 MILES
Total population 1,776 79,356 263,023
Median age 52.1 53.9 44.5
Median age (Male) 52.0 53.0 43.7
Median age (Female) 53.0 54.3 44.9
HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES
Total households 788 37,324 106,906
# of persons per HH 2.3 2.1 2.5
Average HH income $101,483 $95,096 $85,268
Average house value $352,251 $484,419 $419,101
* Demographic data derived from 2010 US Census
DEMOGRAPHICS MAP & REPORT / /G E R A L D F O R D D R I V E , P A L M D E S E R T , C A 9 2 2 1 1
±6.8 ACRES-CONCEPTUALLY APPROVED FOR 150 UNITS
