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    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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