13 AC Approved High Density Residential & Commercial Development

Vacant Land for Sale
Catylist Listing ID: 30756202
Property Subtypes: Hospitality, Retail
Gross Land Area: 13.05 Acres
Sale Price: $8,000,000
Unit Price: $613,026 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/20/2021

Overview / Comments

- Approved for 100-room Four-Story Hotel, 21,200 sq. ft. of Commercial/Retail Space, and 35-unit Condominium
- Fronting Hwy 111 with easy access
- Prime location at the Heart of Rancho Mirage, 1.2 Miles from Ritz-Carlton
- Crown Jewel of Rancho Mirage, one of the last Highway 111 frontage properties in the City of Rancho Mirage
- Adjacent to Rancho Mirage City Hall, Palm Springs Motors, Desert Extended Stay, SunGate Country Club, Emperor Buffet, Quick Quack Car Wash, and many more!

Attachments & Media

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 674-490-026, 027, 028, 029, 030, 031, 032, 033, 034, 035, 036, 037, 039
Property Visibility: Excellent
Largest Nearby Street: Highway 111
Soil Type: Sandy

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,130 41,691 123,666
Median Age: 50.84 49.11 46.37
Households: 2,478 18,502 53,176


Sponsoring Organization

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