69934 Highway 111Rancho Mirage, CA 92270

This exceptional 5.48-acre commercial development site in Rancho Mirage, California, presents a unique redevelopment opportunity. Located on Highway 111, the property boasts over 500 feet of frontage with signalized ingress and egress, ensuring high visibility and accessibility. The site is zoned for General Commercial use and includes a fully improved parking lot with over 119 spaces. Previously home to the renowned Charthouse Restaurant, this property offers a chance to create a distinctive mountainside development, similar to the original organic architecture designed by Ken Kellogg. The asking price is $950,000, translating to $3.98 per square foot. This prime location in affluent Rancho Mirage provides an excellent investment opportunity for a variety of commercial ventures, including restaurants and office spaces. The property's APN is 689-040-023. This is a rare chance to acquire a significant piece of commercial real estate in a highly desirable area. The property's Class is B. The investment type is redevelopment. The property subtype is restaurant, commercial, and development site. The property type is retail, office, and land.