42414 Rancho Mirage Lane
Rancho Mirage, CA, 92270 $ 2,235,000
Bedrooms-- Baths-- Sq 5,771 Monthly Estimate*
$ 14,112
for $2,235,000. This 5,771 square foot building was built in 1950 on a lot size of 1.25.
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.
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FeaturesGeneralLiving Area 5771
Utilities Natural Gas Available Electricity Connected Water Connected Sewer Connected Phone Available
HOA Fee 0
Construction Materials Stucco
Year Built 1950
Property Subtype Mixed Use
Ownership LLC
County Riverside
Property Type Commercial Sale
Status Active
City Rancho Mirage
Open Parking Spaces 10
MLS Area 321 - Rancho Mirage
Lot Size Square Feet 54450
Listing Terms Cash
Leasable Area 5771
Standard Status Active
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InteriorTotal Stories 1
Total Baths 0
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ExteriorParking Features Parking Lot
Water Source Water District
Total Parking 10
Lot Size Area 54450
Building Area Total 5771
Lot Size Acres 1.25
Road Surface Type Asphalt
Lot Size Source Assessor
Road Frontage Type City Street
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* Excluded FeaturesList ByMeade Commercial Inc.Broker
kate@meadecommercial.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $14,112
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Rancho Mirage, CA
Average List Price $2,512,114
Percent of Sale Price 12%
About Rancho Mirage, CA 17,829 Population
34% Since 2002
$ 64,709 Median Income
64.09 Median Age
8% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
0 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/1/2026 | $2,235,000 | | Listed Price |