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42500 Washington St - Pre-leased and Entitled 10k Pre-school 0.96 Acres of Commercial Land in Bermuda Dunes, CA 92203
Investment Highlights
- Strategically positioned to meet significant unmet childcare demand in the Bermuda Dunes and greater Coachella Valley area
- Adjacent to leading national daily need brands making the site a primary retail destination for local families
- Over 32,000 Daytime Workers within a 3-mile Radius
- Prime Washington St frontage with 48,000 vehicles CPD, delivering high visibility & convenient access for working families, ideal for childcare demand
- Minutes from Indio, La Quinta, Indian Wells, Palm Desert & Desert Palms
- Average Household Incomes over $136,000 within a 3-mile radius
Executive Summary
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Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Building Class | C |
| Property Type | Land | Total Lot Size | 0.96 AC |
| Property Subtype | Commercial | ||
| Zoning | MU (Mixed-use) | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Building Class | C |
| Total Lot Size | 0.96 AC |
| Zoning | MU (Mixed-use) |
1 Lot Available
Lot
| Lot Size | 0.96 AC |
| Lot Size | 0.96 AC |
The subject site is the front lot .96 acres (41,817 sq ft), resulting from the intended lot split approved in conjunction with the entitlements. The back parcel is entitled for 43 market-rate apartments to be constructed as a separate project.
Description
The opportunity offered consists of an approximately 41,817 square foot site which was just recently re-zoned as MU (Mixed-Use) which allows for a wide variety of uses. The parcel has received all entitlements necessary for construction of an early education pre-school facility. The entitlements approved are for a building of 9,990 square feet along with an approximately 10,000 square foot playground. There are 33 on-site parking stalls plus 7 shared parking stalls planned for the project. A 16-year corporate-guarantee lease has been signed by The Learning Experience, one of the fastest-growing early education concepts in the US. The subject site is the front parcel resulting from the lot split approved in conjunction with the entitlements. The back parcel is entitled for 43 market-rate apartments to be constructed as a separate project.
Property Taxes
| Parcel Number | 609-020-024 | Improvements Assessment | $0 CAD |
| Land Assessment | $793,815 CAD | Total Assessment | $793,815 CAD |
Property Taxes
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42500 Washington St - Pre-leased and Entitled 10k Pre-school
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