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    111 & Frank Sinatra Rancho Mirage, CA 92270

    For Sale
    $8,000,000

    13 Acres, Hwy 111 Frontage, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 13.05-acre property in Rancho Mirage, California, presents a unique investment opportunity. Located at the intersection of Highway 111 and Frank Sinatra, this land boasts a prime location in the heart of Rancho Mirage, offering unparalleled visibility and accessibility. The property features C-G (General Commercial) zoning and has previously received approvals for a substantial development, including a 100-room, four-story hotel, 21,200 square feet of commercial/retail space, and a 35-unit condominium complex. The site's strategic position along Highway 111, with signalized access, ensures high traffic exposure. Its enviable location is adjacent to key landmarks such as Rancho Mirage City Hall, the prestigious Ritz-Carlton Hotel, Sunnylands International Retreat, Agua Caliente Casino, the Rancho Mirage Amphitheater, and numerous upscale country clubs. This presents a rare chance to capitalize on the strong demographics and high traffic counts of this thriving area. The property's APN numbers are 674-490-026, 027, 028, 031, 032, 033, 036, 037, and 039. The asking price is $8,000,000. This is one of the last remaining Highway 111 frontage development properties within the city limits, making it an exceptionally rare and valuable asset. The property is nestled in the hills below the Ritz-Carlton, offering stunning views and a luxurious setting.

    Property Features for 111 & Frank Sinatra

    General Information

    Property type
    Land
    Lot Size
    568,458 SF

    HighLights

    • $8,000,000 asking price for 13.05 acres of land.
    • C‑G (General Commercial) zoning.
    • Previously approved for a 100‑room hotel, 21,200 SF of commercial/retail space, and a 35‑unit condominium.
    • Highway 111 frontage with signalized access in Rancho Mirage, CA.
    • Located near the Ritz‑Carlton, City Hall, Sunnylands, and Agua Caliente Casino.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rancho Mirage
    County
    Riverside
    State
    California
    Longitude
    -116.44937806516
    Latitude
    33.774748797525

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    FAQs

    What type of property is this?
    Land - 13 Acres, Hwy 111 Frontage, Prime Location
    Where is this land located?
    The property is located at 111 & Frank Sinatra Rancho Mirage, CA.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: $8,000,000 asking price for 13.05 acres of land.; C-G (General Commercial) zoning.; Previously approved for a 100-room hotel, 21,200 SF of commercial/retail space, and a 35-unit condominium.
    (760) 360-8200
    Request Owner's contact information
    111 & Frank Sinatra Rancho Mirage, CA 92270
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    Rancho Mirage, CA 92270
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111 & Frank Sinatra Rancho Mirage, CA 92270
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