LAND PLUS INCOME. 5 contiguous lots improved with a Nursery paying $38,400 annual lease. Excellent location for price appreciation in prime development area on trendy North Palm Canyon Drive. Property comes with shipping container building, utilities in, including sewer, irrigation and fencing. Successful Nursery operating under a Conditional Use Permit wants to stay. Lease until 10/21 with 2 one year options at increased rent. Perfect for buy and hold or design your use while having income. Right across from major parcel for mixed use development. Would be great for many other uses allowed in this zone such as sculpture garden, wine/beer garden, etc.
(see attached doc) or even mixed use residential. Back alley provides good circulation to the parking lot. Please do not discuss this offering with any employees of the Nursery.
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Listing information last updated on June 3rd, 2020 at 2:15pm PDT.