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33971864
33971891

42462-4214 Rancho Mirage Lane, Rancho Mirage, CA 92270

KR
CA 01267678
Meade Commercial
DM
CA 02056792
Meade Commercial
Listed by Meade Commercial
$2,235,000
2 days on market
Updated 1 day ago

42462-4214 Rancho Mirage Lane

Details
Property Type Retail, Office (+1)
Sub Type Restaurant, Medical Office (+1)
Square Footage 5,771
Net Rentable (SqFt) 6,000
Class C
Year Built 1961
Buildings 2
Stories 1
Acreage 1.250
Zoning C-G
Parking Spaces 10 spaces
Parking Per SqFt 1.73
Investment Type Redevelopment
Ground Lease No
Sale Condition N/A

Multi Property Portfolio-One of the Last Redevelopment Sites in Rancho Mirage

Marketing description

Positioned in the heart of prestigious Rancho Mirage, this ±1.25-acre commercial land assemblage presents a rare opportunity for investors, developers, and owner-users seeking a strategic foothold within one of the Coachella Valley's most affluent and established markets. Located just steps from Highway 111, the site offers exceptional visibility, convenient access, and proximity to major retail, medical, hospitality, and entertainment destinations. The property consists of six contiguous parcels and is zoned C-G (General Commercial), allowing for a variety of commercial, medical, office, and mixed-use development opportunities (subject to city approvals)

42462–42414 Rancho Mirage Lane presents a rare opportunity to acquire a multi-property commercial portfolio in the heart of Rancho Mirage. Located directly across from The River at Rancho Mirage and just south of California State Route 111, the portfolio benefits from exceptional visibility, convenient access, and one of the Coachella Valley’s

premier commercial locations. The offering is available as two separate acquisition opportunities or as a combined portfolio:

42462–42414 Rancho Mirage Lane — $1,437,000

One APN 684-255-018 (.41 AC Lot) improved with two existing standalone buildings and an additional approximate ±6,000-square-foot development parcel, providing flexibility for owner-users, investors, or future redevelopment.

• Adjacent Development Land — $798,000

Five contiguous commercial lots immediately adjacent to the improved property, totaling approximately ±.83 acres, presenting a rare opportunity to expand an existing campus or undertake a larger-scale development in a highly constrained market. Surrounded by premier retail, dining, entertainment, hospitality, and residential communities, the property enjoys strong traffic exposure and immediate access to many of the Coachella Valley’s most desirable destinations. With mountain views, flexible commercial zoning, and a strategic location between Palm Desert and Palm Springs, the portfolio offers exceptional long-term value.

Offered As-Is, Where-Is, this is one of the last remaining opportunities to acquire a significant commercial land assemblage within the prestigious Magnesia Falls area. Whether repositioned as professional office space, a medical or corporate campus, a mixed-use development, or a future redevelopment project, this portfolio presents a compelling investment opportunity in one of Rancho Mirage’s most sought-after commercial corridors.

Investment highlights

  • Premier Rancho Mirage Location – Rare infill commercial opportunity directly across from The River at Rancho Mirage, one of the Coachella Valley's premier lifestyle destinations.
  • Approximately ±1.25 Acres – Includes an existing commercial property with two freestanding buildings plus five contiguous commercial development lots that may be purchased together or separately.
  • Three-Street Frontage – Excellent visibility with frontage along Rancho Mirage Lane, Sahara Road, and East Veldt Street, providing outstanding access and design flexibility
  • World-Class Demand Drivers – Minutes from Eisenhower Health, Cotino by Disney, Agua Caliente Resort Casino, Mission Hills Country Club, Sunnylands, and numerous luxury resorts and golf clubs.

Listing Contacts

KR
CA 01267678
Meade Commercial
DM
CA 02056792
Meade Commercial
Listed by Meade Commercial

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Additional Information

Name
Michael Meade
License
02439728
Brokerage
Meade Commercial, Inc
Brokerage Phone
760-409-1532
Title
Broker of Record
Brokerage Address
72100 Magnesia Falls Ste. 2 Rancho Mirage CA 92270
Name
Kate Rust
License
01267678
Brokerage
Meade Commercial
Brokerage Phone
7604091532
Title
Partner
Brokerage Address
72100 Magnesia Falls Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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