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Property profile & analytics
OFF-MARKET
Land

CA-111 Ave La Quinta, CA 92253

324.64 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 324.64-acre parcel presents a unique investment opportunity in Mecca, California. Located at the intersection of CA-111 and Avenue 68, this property boasts excellent highway frontage on Highway 111, experiencing a daily traffic count of 5,506 vehicles. Its strategic location is further enhanced by its adjacency to the newly constructed Avenue 66 overpass. The land is zoned for both Mixed Use (M-U) and Controlled Development (W-2), offering considerable flexibility for future development plans. This expansive property encompasses multiple APNs: 727-271-005, 008, 019, 022, 028, 729-040-001, and 002. Situated within an Opportunity Zone, this land offers significant potential for tax benefits, making it an even more attractive investment. The asking price is $5,000,000. This is an ideal location for future residential and mixed-use development projects, capitalizing on the high traffic volume and strategic location. Don't miss this chance to acquire a substantial land holding with immense development potential in a rapidly growing area. The property is located in Riverside County, CA, zip code 92253.

Property profile
Verified
Property type Land
Lot 324.64 ac (14,141,318 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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