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WASHINGTON ST
AVENUE 50 HARRY S. TRUMANELEMENTARY
LA QUINTASPORTS COMPLEX
PRICED APPROPRIATELY
CONTACT BROKER
RARE VACANT HIGHLY DESIRABLE CORNER DEVELOPMENT PARCEL IN RESORT AREA OF LA QUINTA
SPECIFIC PLAN APPROVED FOR 15 DU/ACRE (FOR SENIOR LIVING DEVELOPMENT)
MULTIPLE POTENTIAL USES INCLUDING SENIOR LIVING, MULTI-FAMILY, HOSPITALITY*
Erik ChristiansonCA BRE #01475105T 949.705.0920 | C [email protected]
B R O K E R C O N TAC T
MARKET LOCATION La Quinta, California (Coachella Valley)INTERSECTION NEC Washington Street and Avenue 50AREA LANDMARKS Near La Quinta Country Club, La Quinta Fairways, & La Quinta Resort
PROPERTY SIZE 13.84 Acres Gross* (10± to 13.84± Net Developable Acres – depending on set-back vs. pad height
UNIT COUNT Previous Unit Count of 208 Senior Units (IL, AL, MC)ZONING RHM (Medium High Density Residential)DENSITY Recently Approved Density of 15 DU/Acre. RHM allows up to 16 DU/Acre.ENTITLEMENTS Approved La Paloma Specific Plan. Site Development Permit Expired.
POTENTIAL USES Medium/High Density Residential (Senior Housing, Apartments, Condominums, Detached Residential), Resort Hotel or Commercial Use*
SITE CONDITION Unimproved on-sites. Adjacent to major arterial roads and utilities.OFFER DEADLINE Offers Considered As SubmittedADDITIONAL INFORMATION Request From Broker*Buyer to Verify
P R O P E R T Y D E TA I L S
P R O P E R T Y O V E R V I E W & C I T Y O V E R V I E W
The
Hoffman
Company
LA PALOMA STREET RENDERING COURTYARD RENDERING
ENTRY RENDERING
SUBJECT PROPERTY FROM AVENUE 50
“LA PALOMA AT WASHINGTON STREET & AVENUE 50” is situated at a desirable intersection on the most prestigious and accessible corridor in La Quinta (Washington Street). The Washington Street arterial can be accessed from both I-10 and Hwy. 111 located in the central area of the city of La Quinta with close proximity to shopping, dining, and amenities. The subject property is surrounded by high-end developments such as The La Quinta Country Club, La Quinta Fairways, The Citrus Club, and is near golf courses at the La Quinta Resort, PGA West, and Silver Rock Resort. The 13.84 acres was recently approved for 208-senior housing units (Assisted Living, Independent Living, & Alzheimer’s Memory Care Units). “Washington & Avenue 50” could also provide an opportunity for a developer to entitle and build a high quality project of senior living or other potential uses at a rare vacant well-located intersection amid luxurious country clubs and spectacular mountain views.
THE CITY OF LA QUINTA is known as one of the most beautiful cities in the Coachella Valley (a.k.a the Gem of the Desert) adjacent to the pristine Santa Rosa mountain range. La Quinta has a large winter/spring seasonal population that has rapidly grown over the past few decades. In 2018, La Quinta was home to nearly 40,000 residents, representing a 62 percent increase from its 2000 census population. La Quinta is one of the most affluent cities in the Coachella Valley with an average household income of $104,281. The city is also home to more than twenty prestigious golf courses including Silver Rock Resort which is an Arnold Palmer Classic Course, and has hosted the world-famous PGA tour. One of the most popular resorts in the area is the La Quinta Resort and Club operated by Waldorf Astoria situated at the base of the beautiful Santa Rosa Mountains. Buyers, renters, and vacationers flock to La Quinta for its resort-like atmosphere, world-class golf, thriving arts community, countless hiking trails, charming boutique shops & restaurants....and most of all, the scenic beauty of La Quinta.
LA PALOMA13.84 PRIME ACRES*
CORNER OF WASHINGTON STREET & AVENUE 50 (NORTH SIDE) POTENTIAL USES INCLUDE SENIOR LIVING (IL, AL, MC), MULTI-FAMILY, HOSPITALITY*
LA QUINTA, CA | COACHELLA VALLEY | RIVERSIDE COUNTY
FUTUREDEVELOPMENT
SITE PLAN SHOWN IS PREVIOUSLY APPROVED VERSION.
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
10± ACRES
3.8± ACRES
