111 & Frank Sinatra Rancho Mirage, CA 92270
- Land
- 13.05 lot acres
Current Use by Public Records
- Land
Property Details for 111 & Frank Sinatra
- Lot size
- 13.05 lot acres
- Property type
- Land
Description
This exceptional 13.05-acre property in Rancho Mirage, California, presents a unique investment opportunity. Located at the intersection of Highway 111 and Frank Sinatra, this land boasts a prime location in the heart of Rancho Mirage, offering unparalleled visibility and accessibility. The property features C-G (General Commercial) zoning and has previously received approvals for a substantial development, including a 100-room, four-story hotel, 21,200 square feet of commercial/retail space, and a 35-unit condominium complex. The site's strategic position along Highway 111, with signalized access, ensures high traffic exposure. Its enviable location is adjacent to key landmarks such as Rancho Mirage City Hall, the prestigious Ritz-Carlton Hotel, Sunnylands International Retreat, Agua Caliente Casino, the Rancho Mirage Amphitheater, and numerous upscale country clubs. This presents a rare chance to capitalize on the strong demographics and high traffic counts of this thriving area. The property's APN numbers are 674-490-026, 027, 028, 031, 032, 033, 036, 037, and 039. The asking price is $8,000,000. This is one of the last remaining Highway 111 frontage development properties within the city limits, making it an exceptionally rare and valuable asset. The property is nestled in the hills below the Ritz-Carlton, offering stunning views and a luxurious setting.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rancho Mirage
- County
- Riverside
- State
- California
- Longitude
- -116.449
- Latitude
- 33.7747
