Palm Springs, CA 92262
- Land
- 14.20 lot acres
Current Use by Public Records
- Land
Property Details
- Lot size
- 14.20 lot acres
- Property type
- Land
Description
This exceptional 14.2-acre development opportunity presents a rare infill site in the heart of downtown Palm Springs, California. Located on S Calle El Segundo, 92262, this commercially and residentially zoned land offers a unique chance to create a high-density project. The property's prime location is adjacent to the Agua Caliente Casino and near the Palm Springs Convention Center, providing easy access to amenities, shopping, and dining. A potential 99-year lease is available, and fast-track approvals may be secured through the Agua Caliente Tribe. This presents a significant advantage for developers seeking to expedite the project timeline. The property benefits from Palm Springs' thriving real estate market, experiencing a multi-sector development boom and strong demand across residential, hospitality, and commercial sectors. Recent city investments, including the voter-approved Measure J, have fueled a revitalization of downtown, resulting in new mixed-use developments, hotels (including Kimpton and Thompson hotels), and high-end retail establishments such as Tommy Bahama, West Elm, Sephora, H&M, Starbucks, Kiehl's, and Blaze Pizza. The recent completion of the Agua Caliente Cultural Plaza further enhances the area's appeal. This site is ideal for medium/high-density residential, hospitality/resort, entertainment, or commercial development. The property's strategic location and potential for expedited approvals make it an exceptional investment opportunity in a rapidly growing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palm Springs
- County
- Riverside
- State
- California
- Longitude
- -116.543
- Latitude
- 33.8296
