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Dinah Shore Dr dr - Desert Rose - AS#3 34.01 Acres of Commercial Land Offered at $20,059,154 CAD in Rancho Mirage, CA 92270

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INVESTMENT HIGHLIGHTS

Corner Parcel
Community Commercial Zoned (CC) With special retail overlay via Specific Plan 19
Utilites: Water, Sewer to site. Electric (SCE) on site.

Signalized Intersection - High Traffic count - Bob Hope Drive 15,465 CPD - Dinah Shore Drive 16,709 CPD
150 hotel rooms permitted
Within a mile of the I-10

EXECUTIVE SUMMARY

Desert Rose AS#3 is located in the southwestern corner of Rancho Mirage's Section 19 Planning area, the property spans Planning Areas 1.01 and 1.02, which are the least intense areas in the section. These areas feature elevated topography and a maximum floor-area ratio (FAR) of 0.35–0.40. The property allows for low-density residential (Planning Area 1.01), medium to high-density residential and mixed-use (Planning Area 1.02). Additionally, a boutique hotel with up to 150 rooms is planned as part of the lifestyle center (Planning Area 1.01). The site is situated at the intersection of Dinah Shore Drive and Bob Hope Drive, both of which are key corridors with high traffic volumes. Dinah Shore Drive sees approximately 16,709 vehicles per day, and Bob Hope Drive experiences 15,465 vehicles per day, providing excellent visibility and accessibility.

OM - AS#3

Section 19 Specific

PROPERTY FACTS

Price	$20,059,154 CAD	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Office Mixed Use Multifamily Hospitality Hotel
Sale Condition	Redevelopment Project	Total Lot Size	34.01 AC
No. Lots	1	Cross Streets	Bob Hope Dr
Property Type	Land
Zoning	CC - General zoning overlay Community Commercial. Special overlay retail (Section 19 Specific Plan).

Price	$20,059,154 CAD
Sale Type	Investment or Owner User
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Office Mixed Use Multifamily Hospitality Hotel
Total Lot Size	34.01 AC
Cross Streets	Bob Hope Dr
Zoning	CC - General zoning overlay Community Commercial. Special overlay retail (Section 19 Specific Plan).

1 LOT AVAILABLE

Lot

Price	$20,059,154 CAD	Lot Size	34.01 AC
Price Per AC	$589,801.65 CAD

Price	$20,059,154 CAD
Price Per AC	$589,801.65 CAD
Lot Size	34.01 AC

Two parcels of vacant commercial land, approximately 34.01 Acres combined. Situated on the southwestern corner of the city of Rancho Mirage's Section 19 specific plan area. Utilities such as water, sewer, and electric run along the sites borders.

DESCRIPTION

The site is situated at the intersection of Dinah Shore Drive and Bob Hope Drive, both of which are key corridors with high traffic volumes. Dinah Shore Drive sees approximately 16,709 vehicles per day, and Bob Hope Drive experiences 15,465 vehicles per day, providing excellent visibility and accessibility. Utilities: IID Power (Electricity). Committed to the first phase of development; Coachella Valley Water District (Water and Sewer); Southern California Gas Company (Gas).