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Frank Sinatra Dr & Monterey Ave - Approved Site Plan for Hospitality & Retail

17.16 Acres of Commercial Land Offered at £7,042,050 in Rancho Mirage, CA 92270

Investment Highlights

  • Hotel Site & Commercial Pads
  • Excellent Exposure with nearly 1/2 mile of frontage on Monterey Ave
  • Adjacent to Marriott Shadow Ridge Golf Resort with 424 units plus 93 recently approved single family homes
  • Impressive traffic counts 30,000 cars per day

Executive Summary

- Across from Cotino, a Disney Storyliving luxury mixed use community development with homes, hotel, shopping, dining, entertainment and a 24-acre Crystal Lagoon
- Infill Commercial Development Site in the heart of the Coachella Valley adjacent to Marriott Shadow Ridge Golf Resort
- Excellent exposure with nearly 1/2 mile of frontage on Monterey, one of the most traveled thoroughfares in the Coachella Valley
- Located near Sunnylands the renowned Presidential Retreat and Cultural Center, and Mission Hills Country Club, home of the Dinah Shore LPGA Golf Tournament

Property Facts

Price £7,042,050
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Hospitality
  • Community Centre
  • Convenience Store
  • Department Store
  • Fast Food
  • Hold For Development
  • Hold For Investment
  • Hotel
  • Medical
  • Neighborhood Centre
  • Storefront
  • Strip Centre
Total Lot Size 17.16 AC

1 Lot Available

Lot

Price £7,042,050
Price Per AC £410,376
Lot Size 17.16 AC

Located at the fully-signalized, busy interesection of Monterey Avenue & Frant Sinatra Drive in prestigious Rancho Mirage

Description

- Across from Cotino, a Disney Storyliving luxury mixed use community development with homes, hotel, shopping, dining, entertainment and a 24-acre Crystal Lagoon - Adjacent to Marriott Shadow Ridge Golf Resort with 424 units plus 93 recently approved single family homes - Excellent exposure with nearly 1/2 mile of frontage on Monterey, one of the most traveled thoroughfares in the Coachella Valley - Located near Sunnylands the renowned Presidential Retreat and Cultural Center, and Mission Hills Country Club, home of the Dinah Shore LPGA Golf Tournament

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
685-220-008
Land Assessment
£4,057,114
Improvements Assessment
£0
Total Assessment
£4,057,114

zoning

Zoning Code C-G
C-G
  • Listing ID: 15107868

  • Date on Market: 07/02/2019

  • Last Updated:

  • Address: Frank Sinatra Dr & Monterey Ave, Rancho Mirage, CA 92270

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