47306 Madison ST Pending Save Request In-Person Tour Request Virtual Tour
Indio,CA 92201
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 219116544
HOA Y/N No
Lot Size 19.120 Acres
Acres 19.12
Property Description
Prime Highway 111 Mixed-Use property in the City of Indio. Potential of up to 40 units per acre. Located at signalized intersection. 1,200 feet of excellent frontage on Highway 111. Walk to Coachella & Stagecoach Music Festivals. City has initiated Highway 111 street improvement project. Close proximity to the acclaimed Madison Club, PGA West, The Montage & Pendry Hotel and much more! Highway 111 & Madison combined traffic count of 50,000 ADT. Court Ordered Sale. Property is being sold by way of Receivership & Court Confirmation.
* PUBLIC NOTICE OF SALE *
ON FRIDAY, MARCH 14, 2025, AT 8:30 AM AT THE RIVERSIDE SUPERIOR COURT, PALM SPRINGS COURTHOUSE, DEPT. PS2, 3255 E TAHQUITZ CANYON WAY, PALM SPRINGS, CA
92262, THE VACANT LAND LOCATED AT 1231 W. 8TH ST., LOS ANGELES, CA 90017 WITH THE FOLLOWING LEGAL DESCRIPTION:
Parcel 1 of Parcel Map No. 19884, in the City of Indio, County of Riverside, State of California, as shown by Map on file in Book 120, Pages 44 and 45 of Parcel Maps, in the Office of the County Recorder of said County. Assessor's Parcel No. 616-130-052.
WILL BE SOLD BY WAY OF A COURT CONFIRMATION AND OVERBID HEARING. THE OPENING BID WILL BE $4,300,000. BIDDERS SHOULD CONTACT THE COURT RECEIVER AT
LEAST 2 BUSINESS DAYS BEFORE THE HEARING TO PREQUALIFY TO BID BY: (1) SIGNING THE RULES FOR CONFIRMATION AND OVERBID HEARING; (2) PROVIDING PROOF OF
FUNDS AS TO THE BIDDER'S HIGHEST BID; (3) PROVIDING A $150,000 DEPOSIT VIA CASHIER'S CHECK OR WIRE/ACH. ALL BIDDERS THAT ARE NOT THE WINNING BIDDER
WILL RECEIVE THEIR $150,000 DEPOSIT BACK FOLLOWING THE HEARING. PREQUALIFIED BIDDERS MAY APPEAR IN PERSON OR REMOTELY. CALL BROKER SUSAN HARVEY AT 760-360-8200 FOR DETAILS.
Location
State CA
County Riverside
Area 314 - Indio South Of Hwy 111
Exterior
Fence Chain Link
Utilities Available Electricity Available,In Street
View Y/N true
View City Lights,Hills,Mountain(s)
Private Pool No
Building
Lot Description Agricultural,Level,Rectangular Lot,Corner Lot
Sewer Other
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard