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72620 El Paseo

8,800 SF Retail Building Palm Desert, CA 92260 $3,300,000 ($375/SF)

Investment Highlights

  • El Paseo Address - Highway 111 Visibility
  • Fully Fixturized - Existing Restaurant Operator to Vacate Upon Sale/Lease
  • Ample Parking
  • Newly Renovated in 2022

Executive Summary

Wilson Meade Commercial Real Estate is pleased to present this free-standing, newly renovated, fully-fixturized restaurant.
This 8,800 SF turn-key property is located along the famous El Paseo, renowned as the “Rodeo Drive of the Desert”.
El Paseo remains a haven for luxury shopping with brands like Gucci, Louis Vuitton, Tiffany and Co., and Saks Fifth Avenue, catering to an affluent community with an average household income exceeding $110,000 within a five-mile radius of the subject property, rated amongst the highest in the nation.
The property presents an ideal chance to become part of a thriving culinary scene in the Coachella Valley, alongside a diverse array of established fine dining establishments and quick-service retailers.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,800 SF
Building Class
B
Year Built
1985
Price
$3,300,000
Price Per SF
$375
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.75
Land Acres
0.27 AC
Zoning
PC3SP - Planned Commercial - Regional Commercial - Regional Retail
Parking
30 Spaces (3.41 Spaces per 1,000 SF Leased)
Frontage
150 FT on El Paseo

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 8,800 SF
  • Restaurant
  • -
  • 30 Days

Wilson Meade Commercial Real Estate is pleased to present this free-standing, newly renovated and fully-fixturized restaurant. This 8,800 SF property is located along the famous El Paseo, renowned as the “Rodeo Drive of the Desert”. El Paseo remains a haven for luxury shopping with brands like Gucci, Louis Vuitton, Tiffany and Co., and Saks Fifth Avenue, catering to an affluent community with an average household income exceeding $110,000 within a five-mile radius of the subject property, rated amongst the highest in the nation. The property presents an ideal chance to become part of a thriving culinary scene in the Coachella Valley, alongside a diverse array of established fine dining establishments and quick-service retailers.

Space Size Space Use Position Available
1st Floor 8,800 SF Restaurant - 30 Days

1st Floor

Size
8,800 SF
Space Use
Restaurant
Position
-
Available
30 Days

1st Floor

Size 8,800 SF
Space Use Restaurant
Position -
Available 30 Days

Wilson Meade Commercial Real Estate is pleased to present this free-standing, newly renovated and fully-fixturized restaurant. This 8,800 SF property is located along the famous El Paseo, renowned as the “Rodeo Drive of the Desert”. El Paseo remains a haven for luxury shopping with brands like Gucci, Louis Vuitton, Tiffany and Co., and Saks Fifth Avenue, catering to an affluent community with an average household income exceeding $110,000 within a five-mile radius of the subject property, rated amongst the highest in the nation. The property presents an ideal chance to become part of a thriving culinary scene in the Coachella Valley, alongside a diverse array of established fine dining establishments and quick-service retailers.

Nearby Major Retailers

Pure Barre
Eddie V's
Starbucks
Daily Grill
First Republic Bank
Surf City Squeeze
Hot Dog On A Stick
The Coffee Bean and Tea Leaf
Citi
PNC Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
640-160-010
Land Assessment
$377,400
Improvements Assessment
$2,121,600
Total Assessment
$2,499,000
  • Listing ID: 31878102

  • Date on Market: 5/21/2024

  • Last Updated:

  • Address: 72620 El Paseo, Palm Desert, CA 92260

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