Marketing Flyer

THE HOFFMAN COMPANY EXCLUSIVE OFFERING
ADJACENT TO BOOMING PALM SPRINGS | MOUNTAIN VIEW PALM CANYON COORIDOR
PRIME INFILL RESIDENTIAL SINGLE FAMILY DETACHED OPPORTUNITY
111
TO DOWNTOWN PALM
SPRINGS
E. PALM CA
NYON
CI
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OF ALM
CA
TH SPR
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RA NGS
LC
IT Y
111
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ALM
CRE
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JONES RD
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ING
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High $400k’s to
$500k’s Modern
Product ACTIVE
Adjacent New Home Project Modern Product $400k’s $500k’s ($250 - $290/SF)
Cathedral City 19.9% Year Over Year Home Price Appreciation
Y RD
E
CAR
Provide Affordable Modern Product Near Palm Springs
in Desirable South Cathedral City
7.5 ACRES
at
THE EDGE
±48 POTENTIAL SMALL-LOT DETACHED LOTS | RESIDENTIAL ZONING
SOUTH CATHEDRAL CITY (PALM SPRINGS ADJACENT) | COACHELLA VALLEY, CA
P RO P E R T Y D E TA I L S
LOCATION
B RO K E R C O N TAC T
REGION Coachella Valley, Riverside County
Erik Christianson, CA BRE #01475105
T 949.705.0920 | C 949.910.7337
INTERSECTION
On Jones & Carey Rd., just North of Hwy. 111 & East of Cree Rd.
[email protected]
AREA LANDMARKS
Near IMAX, Target, Cathedral City Auto Center, Tahquitz Creek Golf N E W M O D E R N P RO D U C T A DJAC E N T
Course, & Ritz Carlton
PROPERTY SIZE 7.5 Gross Acres
Cathedral City, California
LOT COUNT
Potential ±48 Small Lot Detached Units
LOT SIZE ±3,500 - 4,000 Sq. Ft.
ZONING RR (Resort Residential) [3-6.5 du/acre]
ENTITLEMENTS
Unentitled. Adjacent Project Recently Approved.
SITE CONDITION Unimproved On-Sites. Adjacent to Existing Roads. Utilities Adjacent & Nearby.
OFFER DUE DATE
Offers to Be Considered as Submitted.
OFFERING MEMORANDUM Request from Broker.
P RO P E R T Y & C AT H E D R A L C I T Y / PA L M S P R I N G S OV E RV I E W
S o u r c e : t h e d i s t r i c t a t t h e e d g e. c o m
“7.5 Residential Acres at the Edge” is situated adjacent to the city limits of Palm Springs, in desirable southern mountain-view Palm Canyon
corridor of Cathedral City. The neighboring city of Palm Spring is currently enjoying unprecedented development growth, homebuyer
demand, and record setting home pricing. This is primarily due to a diverse buyer profile seeking contemporary product near growing
amenities and is additionally fueled by the revitalization of downtown Palm Springs.
Market experts are now suggesting that because of the lack of available land in booming Palm Springs, Cathedral City will begin to see
an increase of the targeted Palm Springs buyer profile. “7.5 Residential Acres at the Edge” will also provide the future developer to offer
reasonably priced modern product for the Palm Springs area in the $400k’s or $500k’s instead of the typical $600k to $1M+ price-band
of most projects within the city limits of Palm Springs. The city of Cathedral City is the second largest city in the Coachella Valley with a
population of over 52,000 people and includes amenities such as the Cimarron Golf Course, Desert Princess Golf Resort, IMAX/Mary Pickford
Theatre, Town Square on Hwy. 111, and the Big League Dreams Sports Park.
V I E W O F M O U N TA I N S F RO M S U B J E C T P RO P E R T Y
ADJACENT PROJECT “EDGE AT THE DISTRICT” (HIGH $400k’s TO $500k’s)
COACHELLA VALLEY OFFICE: 777 E Tahquitz Canyon Way, Suite 200, Palm Springs, CA 92262 | T 760.969.7357