Description
The Imperial Center, situated just 5 miles from the Mexicali border in Heber, spans approximately 77 acres across twelve legal parcels, along with the road and canal, about 64.56 acres are available for construction, with minimal effort needed. It's worth noting that the 1.99-acre ARCO gas station and AM/PM store are excluded from this calculation as they are currently in escrow. Featuring four buildings totaling 73,000 square feet and various site improvements, the center boasts significant infrastructure. It includes 193,404 square feet of reinforced concrete slabs, over 20.48 acres of asphalt-paved parking, and additional vacant land for expansion. With well-established power infrastructure, a completed CEQA study (California Environmental Quality Act), immediate development opportunities are viable. Moreover, the Imperial Center boasts permitted and partially constructed developments initially intended for business and commercial purposes. However, it now holds promising potential within Imperial County's burgeoning Lithium Valley, further enhanced by its advantageous location within a Foreign Trade Zone (FTZ), Enterprise Zone (EZ), and Growth Industries area, in addition to its proximity to Mexicali/Calexico. Generating income through leasing existing buildings and operating a newly opened Prestige Club, the property anticipates further lease opportunities, such as the Mart with 82 retail exhibit booths in a 20,000 square foot warehouse venue.
