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Faits saillants de l'investissement

  • 0.38-acre site with DDD zoning allowing mixed-use, retail, or office development.
  • Utilities in place from prior restaurant use, reducing development costs.
  • Located in a high-traffic corridor connecting Palm Springs and La Quinta.
  • Prime Highway 111 frontage with exposure to 40,000 vehicles daily.
  • Minutes from El Paseo Shopping District and luxury retail destinations.
  • Opportunity for up to three stories of vertical development with City approval.

Résumé de l'annonce

This 0.38-acre parcel on Highway 111 offers a rare opportunity to develop within Palm Desert’s Downtown District. Zoned DDD, the site allows for up to three stories, accommodating mixed-use, retail, restaurant, or office projects with City approval. Positioned along a major commercial corridor with approximately 40,000 vehicles per day, the property ensures exceptional visibility and branding potential. Utilities are already on-site, reducing development timelines and costs. Located minutes from the renowned El Paseo Shopping District, the area benefits from a strong year-round population and seasonal tourism driven by major events.

Faits sur la propriété

Prix 2 040 765 $ CAD
Type de vente Investissement
Nombre de lots 1
Type de propriété Terrain
Sous-type de propriété Terrain commercial
Utilisation proposée
Commercial
  • Commerce de détail
  • Bureau
  • Restaurant
Taille totale du lot 0,38 AC
Zonage DDD - Downtown District Development

1 Lot disponible

Lot

Prix 2 040 765 $ CAD
Prix par AC 5 393 512,73 $ CAD
Taille du lot 0,38 AC

High-visibility 0.38-acre development site on Highway 111 in Palm Desert’s Downtown District. Zoned for mixed-use, retail, or office with utilities in place and strong traffic exposure.

Description

This exceptional commercial development opportunity is located at 73340 Highway 111 in the heart of Palm Desert. The property consists of ±0.38 acres within the City’s Downtown District Development (DDD) zoning, which allows for up to three stories of vertical construction. This flexibility makes it suitable for a range of high-value uses including mixed-use, retail, restaurant, office, or medical developments. Positioned along Highway 111, one of the Coachella Valley’s primary commercial corridors, the site benefits from approximately 40,000 vehicles per day, offering unmatched frontage and visibility for future branding. Utilities are already in place from prior restaurant use, reducing development timelines and costs. Its central location places it minutes from El Paseo Shopping District, a major draw for luxury retail, fine dining, and entertainment, leveraging steady demand from affluent year-round residents and seasonal visitors attracted by renowned events such as music festivals, golf tournaments, and desert tourism. This is a rare offering for developers and investors seeking a premier infill parcel in an area actively promoting walkable mixed-use projects as part of Palm Desert’s revitalization efforts.

Moyennement praticable à pied
60/100
Moyennement facile d’accès en voiture
70/100
Transports en commun limités
30/100
Plutôt praticable en vélo
40/100

Impôts fonciers

Impôts fonciers

Numéro de lot
627-092-034
Évaluation du terrain
159 937 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
159 937 $ CAD
  • ID d’inscription: 39673284

  • Date de mise sur le marché: 2026-03-05

  • Dernière mise à jour:

  • Adresse: 73340 Highway 111, Palm Desert, CA 92260

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