Former Bank Branch | 42420 Washington St
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Former Bank Branch 42420 Washington St
3,123 SF Retail Building Bermuda Dunes, CA 92203 $1,450,000 ($464/SF)
Investment Highlights
- 3123 sf freestanding vacant retail building (former bank branch) | Strong demographics include over 152,000 residents withing a 5-mile radius
- Easy access, abundant parking, and high visibility with major building signage on 3 sides | Anchor tenants include Ralphs, Home Goods, and Walgreens
- Located on high traffic Washington Street midway between Interstate 10 FWY, and Hwy 111.
- Prominent location at entrance to Washington Square, a community shopping center in Bermuda Dunes
- Densely developed residential areas including Sun City Palm Desert, and Palm Desert Country Club. | Average Household income over $103,690 annually
- Ideally suited to serve the communities of Bermuda Dunes, Palm Desert and La Quinta | Opportunity for adaptive re-use as food or retail use.
Executive Summary
3123 SF freestanding vacant retail building (former bank branch) prominently located at the entrance to Washington Square Shopping Center in Bermuda Dunes. Easy access, high traffic - high visibility, and strong demographics. Major building signage on 3 sides. Abundant customer parking. The Center is anchored by a Ralph’s, Home Goods, and Walgreens. Densely developed residential growth area with over 152,000 residents within a 5-mile radius. Average Household Income is over $103,690 annually. The site is located on busy Washington Street, midway between Interstate 10 FWY, and HWY 111. Ideally suited to serve the communities of Bermuda Dunes, Palm Desert and La Quinta.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,123 SF
Building Class
B
Year Built
2004
Price
$1,450,000
Price Per SF
$464
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.54 AC
Zoning
C-P-S
Parking
24 Spaces (7.68 Spaces per 1,000 SF Leased)
Frontage
71 FT on Washington St
Amenities
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 609-020-052 | Improvements Assessment | $1,200,097 |
| Land Assessment | $385,748 | Total Assessment | $1,585,845 |
PROPERTY TAXES
Parcel Number
609-020-052
Land Assessment
$385,748
Improvements Assessment
$1,200,097
Total Assessment
$1,585,845
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Former Bank Branch | 42420 Washington St
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