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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
Faits sur la propriété
1 Lot disponible
Lot
| Prix | 2 040 765 $ CAD | Taille du lot | 0,38 AC |
| Prix par AC | 5 393 512,73 $ CAD |
| 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.
Impôts fonciers
| Numéro de lot | 627-092-034 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 159 937 $ CAD | Évaluation totale | 159 937 $ CAD |
Impôts fonciers
Présenté par
73340 Highway 111
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