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109 W Highway 98 - RiverView Condominiums 32.42 Acres of Residential Land Offered at $1,650,000 in Calexico, CA 92231

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Executive Summary

Seller may carry paper for short term with at least 25% down

Property Facts

Price	$1,650,000	Property Subtype	Residential
Sale Type	Investment	Proposed Use	Commercial Mixed Use Apartment Units - Condo
Sale Conditions	Redevelopment Project REO Sale	Total Lot Size	32.42 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	RC-Residential Condo - 340 Units plus 4 Commercial Lots-Commercial Lots can be converted to Residential

Price	$1,650,000
Sale Type	Investment
Sale Conditions	Redevelopment Project REO Sale
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Commercial Mixed Use Apartment Units - Condo
Total Lot Size	32.42 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RC-Residential Condo - 340 Units plus 4 Commercial Lots-Commercial Lots can be converted to Residential

1 Lot Available

Lot

Price	$1,650,000	Lot Size	32.42 AC
Price Per AC	$50,894.51

Price	$1,650,000
Price Per AC	$50,894.51
Lot Size	32.42 AC

Flat, ready to build-340 Unit Property. This is NOT a price per acre property-we have 340 approved lots plus the 4 commercial lots up front

Description

This is priced per unit, not per acre. Only $5,000 +/- per residential unit. The commercial pads can be sold individually. OR City is in favor of increasing condo count. Opportunity zone we've been told - buyer to verify.

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(831) 464-5021

Contact

Martin Boone
Sherman & Boone Commercial

Listing ID: 28139677
Date on Market: 4/4/2023
Last Updated:
Address: 109 W Highway 98, Calexico, CA 92231

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109 W Highway 98, Calexico, CA for sale Primary Photo- Image 1 of 4 — Primary Photo

109 W Highway 98, Calexico, CA for sale Site Plan- Image 2 of 4 — Condo Map PG 1 of 2

109 W Highway 98, Calexico, CA for sale Site Plan- Image 3 of 4 — Condo Map PG 2 of 2

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