Bob Hope Dr Rancho Mirage, CA 92270
- Land
- 57.46 lot acres
Current Use by Public Records
- Land
Property Details for 0 Bob Hope Dr
- Lot size
- 57.46 lot acres
- Property type
- Land
Description
This exceptional 57.464-acre parcel in Rancho Mirage, California, presents a unique investment opportunity. Located on Bob Hope Drive, with APN 685-010-013 & 673-120-027, the property is zoned under Rancho Mirage's Section 19 Specific Plan. This plan designates five distinct planning areas with diverse permitted uses. One area is specifically envisioned for a resort hotel with up to 280 rooms. The remaining four areas are designated for mixed-use development, allowing for a combination of residential and non-residential uses, with a potential total of up to 329 residential units. The property benefits from its prime location in Rancho Mirage, a prestigious Coachella Valley city, offering excellent accessibility via the I-10 Freeway and major thoroughfares like Bob Hope Drive and Dinah Shore Drive. The area boasts strong demographics, further enhanced by the upcoming Cotino by Disney residential development. Utility services are available, with a power commitment from IID Power for phase one. The property's proximity to Agua Caliente Casino Resort & Spa and a proposed mixed-use development ("Landmark") further enhances its potential. The asking price is $11,250,000. This is a rare chance to acquire a large-scale development site in a thriving location with significant upside potential. The property's strategic location and flexible zoning make it ideal for a variety of ambitious projects.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rancho Mirage
- County
- Riverside
- State
- California
- Longitude
- -116.404
- Latitude
- 33.808
