Continued from Borrego
Studies: Over the last 15 years the owners
have accumulated these land parcels and created the plottage for developing
this corner and frontage to serve the growing needs of the Borrego Springs
community. Demographics show that about 1/3rd of the population base
live closer to Patterson's Corner than to Christmas Circle. Also the
population market will include the largest numbers of employees from La Casa
del Zorro and the guests at the hotel. The anticipated build out of 1500 homes
at Rams Hill and the 800 or more homes at Borrego Springs Country Club will
substantially enhance businesses operating from Patterson's Corner. The
traffic on both sides of this street include traffic to and from
Ocotillo Wells, Julian, and the many farms and homes in the outlying area as
well as tourists en route to Borrego.
There is no service facility currently closer
than approximately five miles away at the Christmas Circle Area. Developing
Patterson's Corner into a commercial center will be a convenience to the growing
population in this area of Borrego Springs.
Goal: Owners would like to sell the 40 acres as a complete package.
They are looking for a master lessee or developer or will consider developing
themselves and look for service-oriented businesses to locate on the property.
The owners would also exchange this development parcel for other investment
property. They are very experienced and creative in the exchange marketplace.
They can add other properties for the right deal.
Price and Equity: $1,150,000/$950,000
3 Units in Borrego Springs.
Catherine Darragh, Realtor
San Diego, CA
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