69620 Highway 111
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69620 Highway 111
6,122 SF 100% Leased Retail Building Rancho Mirage, CA 92270 $1,375,000 ($225/SF)
Investment Highlights
- Perfect for owner/occupant
- Ample parking
- Great frontage on Highway 111
- Commercial kitchen improvements in place
Executive Summary
Perfect for owner/occupant – Tenants’ leases expire 12/31/2025 with no options. Priced to allow for redevelopment of the property. Monument signage available. Ample parking. Commercial kitchen improvements in place. Can be combined with adjacent property at 69-640 Highway 111.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,122 SF
Building Class
C
Year Built
1982
Price
$1,375,000
Price Per SF
$225
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Land Acres
1.15 AC
Zoning
C-11 - commercial
Parking
42 Spaces (6.86 Spaces per 1,000 SF Leased)
Frontage
117 FT on Highway 111
Amenities
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 674-490-041 | Improvements Assessment | $612,000 |
| Land Assessment | $637,500 | Total Assessment | $1,249,500 |
PROPERTY TAXES
Parcel Number
674-490-041
Land Assessment
$637,500
Improvements Assessment
$612,000
Total Assessment
$1,249,500
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Power Broker Maggie Montez -
Shawna Strange -
Lee & Associates
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69620 Highway 111
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