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$ 1,500,000
Est. payment | /mo
0.38 Acres Lot
$ 1,500,000
Est. payment | /mo
0.38 Acres Lot
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL26658547PS
HOA Y/N No
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type Comm Ind For Sale
Property Description
Prime Highway 111 Development Site | Palm Desert. Exceptional opportunity to acquire a high-visibility commercial development site in the heart of Palm Desert along the highly trafficked Highway 111 corridor. Located at 73340 Hwy 111, this 0.38-acre parcel sits within the City's Downtown District Development (DDD) zoning, allowing for up to three stories of vertical development, creating strong potential for mixed-use, retail, restaurant, office, etc. Per City approval and required permits. The site benefits from approximately 40,000 vehicles per day along Highway 111, providing exceptional visibility and branding opportunities along one of the Coachella Valley's primary commercial corridors connecting Palm Springs, Rancho Mirage, Indian Wells, and La Quinta. Previously developed as a restaurant site, the property offers a significant advantage for future development with utilities already brought to the lot, reducing development timelines and infrastructure costs.Strategically located minutes from the luxury retail, dining, and entertainment destination of El Paseo Shopping District, the area attracts both affluent year-round residents and seasonal tourism tied to major events. Frontage: 123' facing Hwy 111
Location
State CA
County Riverside
Zoning C1SP
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 627092034
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Listed by Loran Arvizu • The Agency
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