Property profile

2.36 Acres Bob Hope Dr Rancho Mirage, CA 92270

OFF-MARKET
Land
2.36 ac lot
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Property summary

AI-generated overview

This exceptional 2.36-acre commercial land parcel presents a unique development opportunity in the desirable Rancho Mirage, California market. Located on Bob Hope Drive, the property boasts approximately 250 feet of frontage, providing excellent visibility and accessibility. The land is comprised of two parcels, identified by APNs 685-080-021 & -022, and is zoned O for Office use, allowing for a variety of potential development projects. Situated in Riverside County, with a 92270 zip code, this location offers convenient access to essential amenities and services. The property's proximity to Eisenhower Hospital, approximately 2.4 miles away, further enhances its appeal. The asking price for this fee-simple owned land is $1,995,000, and the seller is open to considering reasonable offers. This presents a compelling investment opportunity for developers seeking a prime location in a thriving market. The property's size and zoning make it ideal for a range of commercial developments, catering to the needs of the local community and beyond. With its strategic location and significant frontage on Bob Hope Drive, this land parcel offers exceptional potential for substantial return on investment. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 2.36 ac (102,802 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2.36 Acres Bob Hope Dr Rancho Mirage, CA 92270
Rancho Mirage metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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