Las Palmas & Monroe Development Opportunity

SVN | Capital West Partners is pleased to present approximately 4.06 acres of contiguous vacant land located at Las Palmas Road and Monroe Street in Midtown Indio, California, offering an attractive opportunity for residential and mixed-income development within one of the Coachella Valley's most active redevelopment corridors. Situated within the City of Indio's Highway 111 Corridor Specific Plan, the property carries Neighborhood General zoning, permitting multifamily, townhome, and live/work development by right up to four stories, with potential for additional height and uses through a Mixed-Use Corridor designation, subject to City approval. Located just one block south of Highway 111 and directly across Monroe Street from the Indio Grand Marketplace redevelopment, the site benefits from proximity to a growing retail and commercial district, including established national retailers, restaurants, financial institutions, JFK Memorial Hospital, and Kaiser Permanente. The Marketplace redevelopment is progressing in multiple phases, with the first phase under construction and additional retail, drive-through, hotel, and residential components planned. Nearby projects, including the future Nobles Ranch development, further strengthen the area's growth potential. With traffic counts exceeding 52,000 vehicles per day at Highway 111 and Monroe Street, this privately held infill parcel presents a compelling opportunity for affordable and mixed-income multifamily developers, senior housing developers, townhome builders, and long-term land investors seeking to establish a presence ahead of anticipated growth in Midtown Indio.