CA-111 Ave, La Quinta, CA 92253
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.