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69755 Highway 111 - 13 AC Previously Approved Res. & Hotel
13.05 Acres of Commercial Land Offered at $8,000,000 in Rancho Mirage, CA 92270
INVESTMENT HIGHLIGHTS
- Two miles from Disney's Cotino Residential Resort
- Nestled in the hills beneath the Ritz Carlton Hotel
- One of the last Highway 111 frontage development properties in the City of Rancho Mirage
- Approved for 100-room Four-Story Hotel, 21,200 SF of Commercial/Retail Space, and 35-unit Condominium
- Fronting Hwy 111 with signalized access
- Impressive Demographic and Traffic Counts
EXECUTIVE SUMMARY
- Nestled in the hills beneath the Ritz Carlton Hotel
- Fronting Hwy 111 with signalized access
- Prime location in the heart of Rancho Mirage
- One of the last Highway 111 frontage development properties in the City of Rancho Mirage
- Ideal location near Disney's Cotino, a 600 Acre Hotel & Residential/Commercial Development, also near Rancho Mirage City Hall, the Ritz-Carlton Hotel, Sunnylands International Retreat, Agua Caliente Casino, Rancho Mirage Amphitheater and numerous high end country clubs
- Impressive Demographic and Traffic Counts
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $8,000,000 | Lot Size | 13.05 AC |
| Price Per AC | $613,026.82 |
| Price | $8,000,000 |
| Price Per AC | $613,026.82 |
| Lot Size | 13.05 AC |
DESCRIPTION
- Previously approved for 100-room Four-Story Hotel, 21,200 SF of Commercial/Retail Space, and 35-unit Condominium - Nestled in the hills beneath the Ritz Carlton Hotel - Fronting Hwy 111 with signalized access - Prime location in the heart of Rancho Mirage - Ideal location near Disney's 600 acre Storyliving Resort, Rancho Mirage City Hall, the Ritz-Carlton Hotel, Sunnylands International Retreat, Agua Caliente Casino, Rancho Mirage Amphitheater and numerous high end country clubs - Impressive Demographic and Traffic Counts
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $612,086 | |
| Land Assessment | $4,144,080 | Total Assessment | $4,756,166 |
PROPERTY TAXES
ZONING
| Zoning Code | C-G |
| C-G |
Presented by
69755 Highway 111 - 13 AC Previously Approved Res. & Hotel
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