Listed by Coldwell Banker Commercial Lyle & Associates
$13,295,000
Desert Rose Parcel #1
Details
APN 685-010-024 & 685-010-015
Property Type Land
Sub Type Commercial
Acreage 57.460
Zoning Mixed Use Core (SP 19) Resort Flex (SP 19)
Land | 57.46 acres
Marketing description
148.93 Acres of raw mixed-use land encompassing the majority of Rancho Mirage's section 19 specific plan.
Comp Report available upon request.
Subject property is an approximately 57.46-acre parcel consisting of five(5) planning areas.
1. Planning areas 2.01, 2.03, 2.05, and 2.06 are targeted for mixed-uses. Buildings in the mixed-use section are desired to have a combination of residential and nonresidential uses with up to 329 residential units in total within the four stated planning areas.
2. Planning area (PA) 1.05 has frontage to Bob Hope Drive. The city specifically envisions this parcel to be developed into a resort hotel with up to 280 rooms being already permitted.
Investment highlights
- Retail\Resort Flex\Mixed-Use Core\Regional Mixed-Use\Residential (Specific Plan 19)
- Yellow - Dessert Rose Assemblage Sale
- Gray - City owned/unlisted land
- Green - Available (Outside brokerage)
- Red - Tribal land
- Mixed Use Core (SP 19)
- Resort Flex (SP 19)
- APN's 685-010-024 & 685-010-015
- (Comps Avg:$6.71/PSF)
Listing Contacts
Listed by Coldwell Banker Commercial Lyle & Associates
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
