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Hwy 111 - 5 Peaks Hotel Resort Land, Rancho Mirage, CA

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Hwy 111 - 5 Peaks Hotel Resort Land

Rancho Mirage, CA 92270 - Coachella Valley Submarket


Property Type:Land Parcel Size:8.7 Acres
Zoning:AOS
For Sale Price:$4,500,000 Price/Acre:$517,241 Price/SF:$11.87

Topography:-
Proposed Use:Retail, Mixed Use, Hospitality, Hotel

On-Site Improv:Raw land



Sale Notes:
5 Peaks at Rancho Mirage - Hotel / Retail / Resort
* 8.7 ac site for a 200 plus Luxury Suite Resort Hotel
* Fully improved off-site improvements on Hwy 111
* Prime location at the heart of Rancho Mirage, 3.1 miles from The Ritz-Carlton
* Average household income of $131,718 in the immediate area
* Crown Jewel of Rancho Mirage on Hwy 111 frontage property in the City.
* Adjacent Parcel is an entitled site for a high end 229,032 SF commercial retail & spa development (expired 5/2014). Also available for sale
*Asking: $4,500,000 ($11.87 per sf)
Unimproved vacant land part of 59.34 ac 5 Peaks Development. Adjacent Parcel is an entitled site for a high end 229,032 SF commercial retail / spa development (expired 5/2014). Also available for sale

Desert Pacific Properties
Paula Turner
(760) 360-8200




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