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    OFF-MARKET
    Land

    & Frank Sinatra Monterey Ave, Palm Desert, CA 92270

    17.16 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 17.16-acre commercial development site presents a unique investment opportunity in the heart of Rancho Mirage, California. Located at the intersection of Monterey Avenue and Frank Sinatra Drive, this property boasts unparalleled visibility and accessibility, with nearly half a mile of frontage on Monterey Avenue, one of the Coachella Valley's busiest thoroughfares. The site is zoned for General Commercial use, offering a wide range of development possibilities. Its strategic location directly across from Disney's Storyliving community, Cotino—a luxury mixed-use development featuring homes, a hotel, shopping, dining, entertainment, and a 24-acre Crystal Lagoon—provides immediate access to a substantial and affluent consumer base. Furthermore, the property's proximity to established landmarks such as the Marriott Shadow Ridge Golf Resort, Sunnylands (the renowned Presidential Retreat and Cultural Center), and Mission Hills Country Club (home of the Dinah Shore LPGA Golf Tournament) enhances its desirability and potential for significant return on investment. The property's APN is 685-220-008, and its location in Riverside County, CA, zip code 92270, offers easy access to major transportation arteries and amenities. This is a rare chance to acquire a premier commercial land parcel in one of Southern California's most sought-after locations. The asking price for this exceptional property is $9,000,000.

    Property profile
    Verified
    Property type Land
    Lot 17.16 ac (747,490 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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