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7/15/16
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Shopoff Realty Investments has acquired a 22-acre vacant site in La Quinta for $7.25 mil ($7.50/sf). Shopoff intends to entitle the property for a mixed-use development with both commercial and residential components.
The property is located at the southwest corner of La Quinta Dr and Auto Center Dr, one block from Highway 111, and is also accessible from Adams St. Nearby developments include the La Quinta Resort & Club, the Rancho La Quinta Golf Club and Lake La Quinta, as well as numerous restaurants and shopping venues.
“This is an excellent asset in a prime location in Coachella Valley, approximately 25 miles from Palm Springs, and surrounded by high quality developments,” said Shopoff Realty Investments Chief Executive Officer William Shopoff.
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