42414 Rancho Mirage Lane
Rancho Mirage, CA, 92270 $ 2,235,000
Bedrooms-- Baths-- Monthly Estimate*
$ 14,112
Listed by Meade Commercial Inc.
for $2,235,000. This 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)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. 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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FeaturesGeneralUtilities Electricity Available Electricity Connected Natural Gas Available
HOA Fee 0
Year Built 1950
County Riverside
Property Type Commercial Sale
Special Listing Conditions Standard
Status Active
Directions Traveling S. on Hwy 111 in Rancho Mirage turn right onto Rancho Mirage Lane. Property will ne on your left and signage will be on the property 2nd week of July. Call Kate 760-409-1532 if you have troubles. You can also place the address in your GPS
City Rancho Mirage
Open Parking Spaces 10
MLS Area 321 - Rancho Mirage
Lot Size Units Square Feet
Lot Size Square Feet 54450
Listing Terms Cash
Standard Status Active
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InteriorTotal Stories 1
Air Conditioning Y/N false
Heating Y/N true
Total Baths 0
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ExteriorLot Features Lot Over 40000 Sqft
Total Parking 10
Inclusions APN's: 684-255-005 006 007 008 009 are also a part of this sale. Please look at the OM attached to this listing
Lot Size Area 54450
Number of Buildings 2
Lot Size Acres 1.25
Lot Size Source Assessor
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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 $2,477,475
Percent of Sale Price 11%
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
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/1/2026 | $2,235,000 | | Listed Price |