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72439 Twentynine Palms Hwy

TWENTY-NINE PALMS, CA 92277
  • $500,000
  • STATUS: Active
  • ON SITE: 73 Days
  • MLS #: 21-784704
UPDATED: 44 min ago
$500,000
  • 3
    BEDS
  • 0.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,380
    SQFT
  • $148
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1940
County:
Area:

School Ratings & Info

Description

Huge upside prime real-estate development opportunity in developing area located on Twentynine palms highway between El Rey Ave and La Tuna Ave in Smoke Tree. Subject property currently built two separate structures one 2 one bedroom residential rental units and a large undeveloped commercial building with a 1 bedroom on the second floor, with land to build or improve current structure.The land over 1/2 acre, this is a great Palm Springs alternative. Property located just over 1 mile from Project Phoenix:The City of Twentynine Palms has a plan for economic stimulation within the downtown area, referred to as Project Phoenix. The project focuses on public buildings, pedestrian paseo, public parking, and other infrastructure. We hope to attract some of the 3 million tourists visiting our south bordering neighbor, the Joshua Tree National Park, as well as serve military personnel and their dependents from our north bordering neighbor, the Twentynine Palms Marine Corps Air Ground Combat Center, local residents, contractors and developers. The City has hired Alavrez and Marsal Public Sector Services for their expertise to help with the future development of this project and its infrastructure, but we also recognize the need for private development to fully realize the project's potential.The Project Phoenix area is south of Hwy 62, between Cholla Avenue and Tamarisk Avenue, 3 full blocks. The entire impact area is north and south of Hwy 62 from Adobe Road to Bullion Avenue, 9 full blocks. Parcels in this geographic area are from .25 acre to 3 acres; acquiring and assembling parcels may be required. The City plans to fund this project with Redevelopment Bonds ($10M) and other public and private resources.Proposed private uses are restaurants, retail, entertainment, and other uses that would complement the public buildings and serve the needs of tourists, military personnel, and locals that in turn would help create a more energetic inviting downtown area. Don't miss this opportunity!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-29T06:42:36.4. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/121508471
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72439 Twentynine Palms Hwy TWENTY-NINE PALMS, CA 92277

  • Price: $500,000
  • Status: Active
  • On Site: 73 Days
  • Updated: 44 min ago
  • MLS #: 21-784704
3
Beds
0
Baths
0
½ Baths
0.62
Acres
3,380
SQFT
$148
$/SQFT
1940
Built
Neighborhood:
Smoke Tree
County:
San Bernardino
Area:
Smoke Tree
Property Description
Huge upside prime real-estate development opportunity in developing area located on Twentynine palms highway between El Rey Ave and La Tuna Ave in Smoke Tree. Subject property currently built two separate structures one 2 one bedroom residential rental units and a large undeveloped commercial building with a 1 bedroom on the second floor, with land to build or improve current structure.The land over 1/2 acre, this is a great Palm Springs alternative. Property located just over 1 mile from Project Phoenix:The City of Twentynine Palms has a plan for economic stimulation within the downtown area, referred to as Project Phoenix. The project focuses on public buildings, pedestrian paseo, public parking, and other infrastructure. We hope to attract some of the 3 million tourists visiting our south bordering neighbor, the Joshua Tree National Park, as well as serve military personnel and their dependents from our north bordering neighbor, the Twentynine Palms Marine Corps Air Ground Combat Center, local residents, contractors and developers. The City has hired Alavrez and Marsal Public Sector Services for their expertise to help with the future development of this project and its infrastructure, but we also recognize the need for private development to fully realize the project's potential.The Project Phoenix area is south of Hwy 62, between Cholla Avenue and Tamarisk Avenue, 3 full blocks. The entire impact area is north and south of Hwy 62 from Adobe Road to Bullion Avenue, 9 full blocks. Parcels in this geographic area are from .25 acre to 3 acres; acquiring and assembling parcels may be required. The City plans to fund this project with Redevelopment Bonds ($10M) and other public and private resources.Proposed private uses are restaurants, retail, entertainment, and other uses that would complement the public buildings and serve the needs of tourists, military personnel, and locals that in turn would help create a more energetic inviting downtown area. Don't miss this opportunity!
Exterior Features

Direction Faces South Levels Ground Level Lot Size Area 27081 Other Structures Guesthouse Parking Garage DrivewayDriveway - Gravel Style Post & Beam Total Parking 25 View Description Desert View YN Yes Water Frontage None

Interior Features

Baths Total 3.00 Common Walls Attached Cooling Air ConditioningSwamp Cooler(S) Equipment None Heating Baseboard

Property Features

Assessed Total Value 131202 Gross Income 1500 Gross Operating Income 1500 Land Lease Type Fee Like Units1 1 Like Units2 2 Like Units3 3 Net Operating Income 1200.00 Number Of Buildings 2 Number Of Units 4 Owner Pays Electricity Property Condition Fixer Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 500 Type Of Units Inc Ret Water Heaters YN Yes Year Built Source Vendor Enhanced

Listing provided courtesy of Kirt Kingzett DRE#01741998 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-29T06:42:36.4. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210