73340 Highway 111Palm Desert, CA 92260

Commercial · 0.38 Acres
$1,500,000 Active

73340 Highway 111 Overview

Time on Site:
112 days
Visits:
0

Prime Highway 111 Development Site | Palm Desert. Exceptional opportunity to acquire a high-visibility commercial development site in the heart of Palm Desert along the highly trafficked Highway 111 corridor. Located at 73340 Hwy 111, this 0.38-acre parcel sits within the City's Downtown District Development (DDD) zoning, allowing for up to three stories of vertical development, creating strong potential for mixed-use, retail, restaurant, office, etc. Per City approval and required permits. The site benefits from approximately 40,000 vehicles per day along Highway 111, providing exceptional visibility and branding opportunities along one of the Coachella Valley's primary commercial corridors connecting Palm Springs, Rancho Mirage, Indian Wells, and La Quinta. Previously developed as a restaurant site, the property offers a significant advantage for future development with utilities already brought to the lot, reducing development timelines and infrastructure costs.Strategically located minutes from the luxury retail, dining, and entertainment destination of El Paseo Shopping District, the area attracts both affluent year-round residents and seasonal tourism tied to major events. Frontage: 123' facing Hwy 111

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73340 Highway 111 Facts & Features

  • Type Commercial
  • Lot 0.38 Acres

Details

General

Location/Region

  • Country: US
  • County Or Parish: Riverside
  • MLS Area Major: 322 - North Palm Desert
  • Postal City: PALM DESERT

General Information

  • Parcel Number: 627092034
  • Property Type: Commercial Sale
  • Special Listing Conditions: Standard
  • Zoning: C1SP

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Stories Total: 0

Exterior

Lot Information

  • Lot Size Acres: 0.38
  • Lot Size Area: 16553.0
  • Lot Size Square Feet: 16553.0
  • Lot Size Units: Square Feet

73340 Highway 111 Neighborhood

Palm Desert

Palm Desert is located in the heart of the Coachella Valley and offers an incredible arts scene, exceptional outdoor recreation facilities, lush golf courses, and the best shopping in the Coachella Valley.

Community

92260 (Palm Desert) Demographics

53
Median Age
1,211
Population Density (per sq. mile)
46%
College Educated
$61,161
Estimated Median Income
9,677
Estimated Total Home Owners
5,891
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

73340 Highway 111 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

73340 Highway 111 Market Data

Based on the last 30 days in this zip code

$1,068,718
Average List Price
$518
Average Price per Square Foot
82
Properties Sold
96
Average Days on Market
691
Properties for Sale
Calculations provided by Reliance Network

73340 Highway 111 History

Date Event Value Agent
3/9/2026Source: CRMLS Added to Database
March 09, 2026
Listing provided courtesy of The AgencyLoran Arvizu- MLS# 26658547PSMLS ProviderContact Information: 760-965-4200
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