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    & Frank Sinatra Monterey Ave Palm Desert, CA 92270

    Sponsored
    For Sale
    $9,000,000

    17-Acre Development Site, $9M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 17.16-acre commercial development site presents a unique investment opportunity in the heart of Rancho Mirage, California. Located at the intersection of Monterey Avenue and Frank Sinatra Drive, this property boasts unparalleled visibility and accessibility, with nearly half a mile of frontage on Monterey Avenue, one of the Coachella Valley's busiest thoroughfares. The site is zoned for General Commercial use, offering a wide range of development possibilities. Its strategic location directly across from Disney's Storyliving community, Cotino—a luxury mixed-use development featuring homes, a hotel, shopping, dining, entertainment, and a 24-acre Crystal Lagoon—provides immediate access to a substantial and affluent consumer base. Furthermore, the property's proximity to established landmarks such as the Marriott Shadow Ridge Golf Resort, Sunnylands (the renowned Presidential Retreat and Cultural Center), and Mission Hills Country Club (home of the Dinah Shore LPGA Golf Tournament) enhances its desirability and potential for significant return on investment. The property's APN is 685-220-008, and its location in Riverside County, CA, zip code 92270, offers easy access to major transportation arteries and amenities. This is a rare chance to acquire a premier commercial land parcel in one of Southern California's most sought-after locations. The asking price for this exceptional property is $9,000,000.

    Property Features for & Frank Sinatra Monterey Ave

    General Information

    Property type
    Land
    Lot Size
    747,490 SF

    HighLights

    • $9,000,000 asking price.
    • 17.16‑acre commercial land parcel.
    • General Commercial zoning.
    • Located in Rancho Mirage, CA (Riverside County), APN 685‑220‑008.
    • Across from Disney's Storyliving community and adjacent to Marriott Shadow Ridge Golf Resort.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.3905551537
    Latitude
    33.772624013069

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    FAQs

    What type of property is this?
    Land - 17-Acre Development Site, $9M
    Where is this land located?
    The property is located at & Frank Sinatra Monterey Ave Palm Desert, CA.
    What is the asking price?
    The asking price for this property is $9,000,000.
    What are key features of this property?
    This property features: $9,000,000 asking price.; 17.16-acre commercial land parcel.; General Commercial zoning.
    (760) 360-8200
    Request Owner's contact information
    & Frank Sinatra Monterey Ave Palm Desert, 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
    & Frank Sinatra Monterey Ave Palm Desert, CA 92270
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