73340 Highway 111 - 73340 Highway 111, Palm Desert 0.38 Acres of Commercial Land Offered at $2,060,580 CAD in Palm Desert, CA 92260

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 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 Investment Highlights • ±0.38 Acres (±16,553 SF) of prime commercial land • Asking Price: $1,500,000 • Prime frontage along Highway 111 with strong visibility • ±40,000 vehicles per day traffic exposure • Downtown District Development (DDD) zoning • Up to 3 stories allowed – ideal for mixed-use or vertical development • Utilities already on site (former restaurant location) • Minutes from El Paseo luxury retail corridor • Surrounded by retail, restaurants, hotels, and resort communities Development Potential The City of Palm Desert continues to encourage downtown revitalization and walkable mixed-use development, positioning this site for a variety of high-value concepts including: • Boutique retail + restaurant development • Mixed-use retail with residential or office above • Medical or professional office development • Flagship restaurant or experiential retail destination This offering represents a rare opportunity for investors and developers to secure a strategically located infill site along one of the desert’s most established commercial corridors.