73965 Highway 111

4,630 SF Retail Building Palm Desert, CA 92260 $1,499,000 ($324/SF)

INVESTMENT HIGHLIGHTS

  • Ideal for an owner/user seeking a commercial building on Highway 111
  • The back street is El Paseo Drive
  • Existing tenants are month to month and all or part can be removed as part of the sale
  • Highway 111 is the main corridor for the Coachella Valley
  • The building is next to Portola Avenue, one of two roadways to affluent South Palm Desert

EXECUTIVE SUMMARY

Ideal opportunity for an owner/user. Existing tenants are month to month and all can be removed to accommodate a single-tenant. This is a commercial building with frontage to Highway 111 with access from either the frontage road on the north or through the common area parking lot located at the south that is maintained by the City of Palm Desert. The back parking area has been renovated featuring covered parking, lights, EV charging stations, new pavement, and the re-striping of the parking spaces. Located at the SWC of Highway 111 and Portola Avenue, one of the busier intersections in the Coachella Valley. The target audience are owner/users seeking their own building on Highway 111 in Palm Desert.

PROPERTY FACTS

Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,630 SF
Building Class
B
Year Built
1956
Price
$1,499,000
Price Per SF
$324
Tenancy
Single
Building Height
1 Story
Building FAR
0.43
Lot Size
0.25 AC
Zoning
D-O. Downtown CoreOverlay - Allowed uses are art galleries, clothing and apparel, furniture and furnishings, jewelry, spa services, luggage, liquor, medical, office and retail.
Parking
35 Spaces (7.56 Spaces per 1,000 SF Leased)
Frontage
66 FT on Hwy 111

AMENITIES

  • Balcony
Walk Score®
Very Walkable (87)

NEARBY MAJOR RETAILERS

Bank of America
Sammy's Wood Fired Pizza
California Fish Grill
The Habit Burger Grill
Mastro's Restaurants
Orangetheory Fitness
California Bank & Trust
Luna Grill
The Coffee Bean & Tea Leaf
Charles Schwab

PROPERTY TAXES

  • Listing ID: 34276738

  • Date on Market: 12/23/2024

  • Last Updated:

  • Address: 73965 Highway 111, Palm Desert, CA 92260