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211 Sunrise Way way
Palm Springs, CA 92262
15 Unit Multifamily 1.37 Acre Vacant Parcel · Land For Sale
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1.37 AC
Investment Highlights
- Location between downtown and the airport
- Few remaining infill development sites in Palm Springs
Executive Summary
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 1.37 AC |
| Zoning | M-2 - Multi Family Medium Density | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 1.37 AC |
| Zoning | M-2 - Multi Family Medium Density |
1 Lot Available
Lot
| Price | $3,250,000 | Lot Size | 1.37 AC |
| Price Per AC | $2,372,262.77 |
| Price | $3,250,000 |
| Price Per AC | $2,372,262.77 |
| Lot Size | 1.37 AC |
15 Unit Medium-Density Multifamily Development Opportunity on 1.37-Acres in Central Palm Springs.
Description
15 Unit Medium-Density Multifamily Development Opportunity on 1.37-Acres in Central Palm Springs. Rare opportunity to acquire one of the few remaining multifamily infill development sites in central Palm Springs. This 1.37-acre parcel is planned for a 15-lot residential subdivision and is currently awaiting final approval, offering developers a compelling opportunity to deliver new housing in a supply-constrained market. Ideally positioned between downtown Palm Springs and The Palm Springs International Airport, the site provides convenient access to shopping, dining, entertainment, and major transportation corridors. Situated on fee land, the property offers the benefit of true land ownership, an increasingly valuable advantage in Palm Springs. Located on site of the former Gas Company building set to be sold separately or as a packaged deal.
Property Taxes
| Parcel Number | 508-070-016 | Improvements Assessment | $792,016 |
| Land Assessment | $446,205 | Total Assessment | $1,238,221 |
Property Taxes
