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Elite Real Estate Group
info@elitereg805.com$2,235,000
Est. payment /mo
1.25 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 219149822DA
HOA Y/N No
Year Built 1950
Lot Size 1.250 Acres
Property Description
Positioned in the heart of prestigious Rancho Mirage, this +/-1.25-acre commercial land assemblage presents a rare opportunity for investors, developers, and owner-users seeking a strategic foothold within one of the Coachella Valley's most affluent and established markets. Located just steps from Highway 111, the site offers exceptional visibility, convenient access, and proximity to major retail, medical, hospitality, and entertainment destinations. The property consists of six contiguous parcels and is zoned C-G (General Commercial), allowing for a variety of commercial, medical, office, hospitality and mixed-use development opportunities (subject to city approvals)42462-42414 Rancho Mirage Lane presents a rare opportunity to acquire a multi-property commercial portfolio in the heart of Rancho Mirage. Located directly across from The River at Rancho Mirage and just steps from Hwy 111, the portfolio benefits from exceptional visibility, convenient access, and one of the Coachella Valley's premier commercial locations. The offering is available as two separate acquisition opportunities or as a combined portfolio: 42462-42414 Rancho Mirage Lane -- $1,437,000 One APN 684-255-018 (approx. .41 AC Lot) this parcel is improved with two existing standalone buildings +/-5771-square-foot providing flexibility for owner-users, investors, or future redevelopment. Adjacent Development Land -- $798,000 Five contiguous commercial lots immediately adjacent to the improved property, totaling approximately +/-.83 acres, presenting a rare opportunity to expand an existing campus or undertake a larger-scale development in a highly constrained market. Surrounded by premier retail, dining, entertainment, hospitality, and residential communities, the property enjoys strong traffic exposure and immediate access to many of the Coachella Valley's most desirable destinations. With mountain views, flexible commercial zoning, and a strategic location between Palm Desert and Palm Springs, the portfolio offers exceptional long-term value. Offered As-Is, Where-Is, this is one of the last remaining opportunities to acquire a significant commercial land assemblage within the prestigious Magnesia Falls area. Whether repositioned as professional office space, a medical or corporate campus, a mixed-use development, or a future redevelopment project, this portfolio presents a compelling investment opportunity in Rancho Mirage.
Location
State CA
County Riverside
Area 321 - Rancho Mirage
Interior
Inclusions APN's: 684-255-005, 006, 007, 008, 009 are also a part of this sale. Please look at the OM attached to this listing
Fireplace No
Exterior
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available
Total Parking Spaces 10
Building
Lot Description Lot Over 40000 Sqft
Story 1
Others
Tax ID 684255018
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Listed by Kate Rust Meade Commercial Inc. #01267678
Nearby Schools & Businesses
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Elite Real Estate Group
Team