$3,250,000
About this home
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.
Facts & features
- Bathrooms
- 0
- Lot size
- 1.37 acres (59,677 sq ft)
- View
- Mountains
- Area
- 332 - Central Palm Springs
- County
- Riverside
- Status
- Active
- Property type
- Land
- Days on market
- 0
- Listed
- 2026-03-11
- Terms
- Cash To New Loan, Exchange 1031, Owner May Carry
- Parcel #
- 508070016
- MLS #
- 219144637PS
