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Palm Springs Retail Space for Sale
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Retail Space For Sale in Palm Springs
Palm Springs is known for its expansive desert landscape. The area is suitable for the growth of retail spaces that fit well with the city's infrastructure. These properties provide necessary services and convenience to the local population and seasonal tourists. The city has a strong educational system with top elementary schools and nearby colleges, creating an ideal environment for businesses. The surrounding mountains and a climate that supports business all year round make retail spaces a stable part of the city.
There are 21 retail spaces listed for sale in Palm Springs, offering good visibility and access in the city. These properties are strategically located near art galleries, cultural venues, and recreational areas, with easy access to major transport routes. Shopping centers are key for both consumers and businesses, reflecting the city's architectural style and offering a range of shopping experiences. Restaurants contribute to the local food scene, and office spaces create professional environments for business interactions. Hotels are crucial to maintaining Palm Springs' status as a top resort destination. Together, these properties contribute to the economic strength of Palm Springs and support various commercial activities.
Learn About Retail Space For Sale in Palm Springs
Why is Palm Springs an ideal location for retail space listings?
Palm Springs is an ideal location for retail space listings due to its established tourism sector, consistent influx of visitors during the winter months, and a robust local economy supported by a diverse mix of businesses that cater to both residents and tourists.
How many retail space listings are available for sale in Palm Springs?
Currently, there are 21 retail space listings available for sale in Palm Springs.
What is the largest retail space available to buy in Palm Springs?
The largest retail space listing available in Palm Springs spans 86,180 SF.
What factors should I consider when searching for retail space in Palm Springs?
When searching for retail space in Palm Springs, it is important to consider several key factors to ensure that the property meets your business needs:
- The average price per square foot, which currently stands at $945, to assess if it aligns with your budgetary constraints.
- The size of available properties, with an average size of 13,898 SF and options up to 86,180 SF, to determine the right scale for your venture.
- The average capitalization rate, noted at 5.44%, which could influence your investment decision and potential returns.
How much does it cost to buy retail space in Palm Springs?
The cost to purchase retail space in Palm Springs varies based on several factors, but let's consider the current market indicators:
- The average price per square foot for retail space listings is $945.
- Typical retail spaces have an average size of 13,898 SF.
Retail Space in Palm Springs - Size Summary
| Retail Space Size | Square Feet |
|---|---|
| Maximum | 86,180 SF |
| Average | 13,898 SF |
| Minimum | 266 SF |
Retail Space in Palm Springs - Cap Rate Data
| Retail Space Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 6.56% |
| Average | 5.44% |
| Minimum | 4.25% |
Retail Space in Palm Springs - Overall Summary
| Retail Space Metric | Summary Value |
|---|---|
| Avg Size | 13,898 SF |
| Avg Price Per Square Foot | $945 |
| Avg Cap Rate | 5.44% |
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