0Palm Springs, CA 92262

Property Details

Lot size

14.20 AC

Property type

Land

Description

This exceptional 14.2-acre development opportunity presents a rare infill site in the heart of downtown Palm Springs, California. Located on S Calle El Segundo, 92262, this commercially and residentially zoned land offers a unique chance to create a high-density project. The property's prime location is adjacent to the Agua Caliente Casino and near the Palm Springs Convention Center, providing easy access to amenities, shopping, and dining. A potential 99-year lease is available, and fast-track approvals may be secured through the Agua Caliente Tribe. This presents a significant advantage for developers seeking to expedite the project timeline. The property benefits from Palm Springs' thriving real estate market, experiencing a multi-sector development boom and strong demand across residential, hospitality, and commercial sectors. Recent city investments, including the voter-approved Measure J, have fueled a revitalization of downtown, resulting in new mixed-use developments, hotels (including Kimpton and Thompson hotels), and high-end retail establishments such as Tommy Bahama, West Elm, Sephora, H&M, Starbucks, Kiehl's, and Blaze Pizza. The recent completion of the Agua Caliente Cultural Plaza further enhances the area's appeal. This site is ideal for medium/high-density residential, hospitality/resort, entertainment, or commercial development. The property's strategic location and potential for expedited approvals make it an exceptional investment opportunity in a rapidly growing market.

Location Insight

City

Palm Springs

County

Riverside

State

California

Latitude

33.8296

Longitude

-116.543

FAQs

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