Rancho Mirage CA Dinah Shr Ave Rancho Mirage, CA 92270

This exceptional 8.02-acre commercial property, located at the hard corner of Dinah Shore Avenue and Key Largo Avenue in Rancho Mirage, CA (zip code 92270), presents a unique investment opportunity. Boasting 349,351 square feet and zoned Community Commercial (C-C), this site offers unparalleled visibility and accessibility with easy access to Interstate 10, situated between Bob Hope Drive and Monterey Avenue. The asking price is $3,800,000, translating to $10.88 per square foot. Key Largo Avenue is slated for expansion, including a planned flyover across I-10, significantly enhancing future accessibility. The property's strategic location at the border of Rancho Mirage and Palm Desert places it within a thriving residential market, benefiting from the proximity to significant developments such as Section 19, Disney's Cotino (a 618-acre master-planned community), and Del Webb, adding approximately 10,000 new homes. This prime location will draw customers from Palm Desert, Cathedral City, and Rancho Mirage. The property's size and corner location make it ideal for a neighborhood shopping center, catering to a substantial population of nearly 600,000 permanent and seasonal residents in the Coachella Valley. The area's economic diversification, including the recent addition of Acrisure Arena (an 11,000-seat sports and entertainment venue located within 3 miles), further strengthens the investment potential. The property's permitted uses include gas station, grocery store, and quick-service restaurant (QSR) establishments, along with opportunities for other retail, hospitality, and office uses. This is a rare chance to acquire a large-scale development site in one of the Coachella Valley's most dynamic and rapidly growing areas. The property's APN is 685-090-010.