47306 Madison Street, Indio, CA 92201 (MLS# 219116544)

47306 Madison Street, Indio, CA 92201

$4,200,000

19.31 AC SEC Hwy 111 & Madison St, IN Fl

19.31 AC SEC Hwy 111 & Madison St, IN Pa

Property Type: Land Lot Size (sq. ft.): 832,867 Status: Closed

Current Price: $4,200,000 List Date: 9/11/2024 Last Modified: 7/24/2025

Overview

Description

Click/Copy to review Public Notice & Rules for Confirmation and Overbid Hearing (Deadline to submit application: March 12, 2025): https://members.moodyscre.com/api/images/data/og/media/user_uploads/67b61113935f85485a1d5a99_473_rules_for_confirmation_and_overbid_hearing.pdf 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 WIL ... (Read more) Click/Copy to review Public Notice & Rules for Confirmation and Overbid Hearing (Deadline to submit application: March 12, 2025): https://members.moodyscre.com/api/images/data/og/media/user_uploads/67b61113935f85485a1d5a99_473_rules_for_confirmation_and_overbid_hearing.pdf 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. 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.

Listing Details MLS# 219116544

General Property Information

Pool: No
Lot Size Acres: 19.12
Lot Size Area: 832867
Lot Size Source: Assessor
CrossStreet: Highway 111 & Madison St

Property Features

Present Use: Farm Potential Use: Mixed Use; Multi-Family; Residential Utilities: Electricity Available; Sewer Available; Water Available Road Frontage: City Street Sale Type: Standard Listing Terms: Cash Lot Features: Agricultural Lot Location: Corner Lot View Type: City Lights; Hills; Mountain(s) Disclosures: Property As Is Water: In Street Land Lease Type: Fee Simple

Listing Location and Property Info

Parcel Number: 616130034
Listing Contract Date: 2024-09-11
Original List Price: 4164336
Street #: 47306
Street Name: Madison
Street Suffix: Street
County: Riverside
State: CA
Postal Code: 92201
MLS Area: 314 - Indio South of Hwy 111
Country: US

Tax Info

Tax Mello Roos: Unknown

Property Info

Additional Parcel: No
Senior Community: No
Gated Community: No

Status Change Info

StatusChangeDate: 2025-04-15
Purchase Contract Date: 2024-11-15
Close Date: 2025-04-15
Close Price: 4200000

More Information

Water

Water District Name: Indio Water Authority

HOA Information

Association: No

Fencing

Chain Link: Yes
Fenced: Yes

Lot Features

Level: Yes
Rectangular Lot: Yes
Single Lot: Yes

Site

City: Yes

Documents

Brochure ›

19.12 AC Hwy 111 - Overbid Hearing ›

473 Public Notice Of Sale ›

473 Rules for Confirmation and Overbid H ›

Listing Office: Desert Pacific Properties

Listing Agent: Susan Harvey

Last Updated: July - 24 - 2025

Information deemed reliable but not guaranteed.