Monterey Avenue, Palm Desert, Palm Desert, CA 92211 For Sale

This prime development site is the last remaining in-fill opportunity in the major Monterey Avenue retail trade area. With Lowe’s to the south, and Kohl’s, Sam’s Club, Walmart Supercenter, Home Depot, and Costco to the north, the subject property presents an in-fill opportunity in the heart of the strongest retail sales area in the greater Palm Springs market. With over 1,000 feet of frontage on Monterey Avenue and at the lighted intersection of Dick Kelly Drive, the property will have ideal ingress and egress. The approved specific plan allows for fuel stations, fast food drive throughs, retail, restaurants, offices, residential units and even a 4-story hotel.

Located on the business-friendly City of Palm Desert side of Monterey Avenue, the site is near several thousand homes and apartments that are in planning or under construction. Just a quarter mile south is the Disney Cotino community of 1,900+ high-end homes now under construction, and on the subject’s adjacent 17 acres is the planned Vesta Apartments, a 384-unit market-rate apartment complex that is pending its final Planning Commission approval.