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$ 2,235,000
Est. payment /mo
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42414 Rancho Mirage LN Rancho Mirage, CA 92270
5,771 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,771 sqft
Price per Sqft $387
MLS Listing ID 219149822
HOA Y/N No
Year Built 1950
Lot Size 1.250 Acres
Acres 1.25
Property Sub-Type Mixed Use
Property 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, hospitality and mixed-use development opportunities (subject to city approvals). Sold As-Where-Is.
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 steps from Hwy 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 (approx. .41 AC Lot) this parcel is improved with two existing standalone buildings ±5771-square-foot providing flexibility for owner-users, investors, or future redevelopment. Sewer recently connected.
• 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 Rancho Mirage.
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 steps from Hwy 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 (approx. .41 AC Lot) this parcel is improved with two existing standalone buildings ±5771-square-foot providing flexibility for owner-users, investors, or future redevelopment. Sewer recently connected.
• 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 Rancho Mirage.
Location
State CA
County Riverside
Area 321 - Rancho Mirage
Exterior
Utilities Available Natural Gas Available, Electricity Connected, Water Connected, Sewer Connected, Phone Available
Building
Story 1
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by Meade Commercial Inc.