Indio CA 92201
Indio is the #3 Fastest Growing City in Southern California, #8 Fastest Growing City in California, and #30 Fastest Growing City in America. Two Office buildings on a corner lot one short block from Highway 111. A front single level building with seven suites, a reception area and 2 bathrooms. A rear building with two 750 sf executive suites with reception areas, private kitchenettes, and baths. Seven parking spaces with 2 behind security gates. The property is surrounded by the newly built $400 million Indio Detention Center. The Riverside County court which is currently doing a $80 million dollar expansion. The College of the Desert campus which is also doing $113 million dollar expansion one block away. This area of downtown is currently experiencing explosive growth so don't miss your chance to be part of it.This property is located in the Indio Opportunity Zone which includes:Financial Incentives- Defer capital gains taxes until 2026.- Reduce payment of deferred taxes by10% if held for 5 years and another 5%if held for 7 years.- Accrue tax-free capital gains if held forat least 10 years.
Listing provided courtesy of Daniel Quinlan of Quinlan & Associates. Last updated 2023-03-28 09:06:05.000000. Listing information © 2023 CRMLS.