$689.72 Per Sq Foot $20,668 est/mo Sourced by Back At You

73338 Highway 111,Palm Desert, CA 92260

Palm Desert CA, 92260

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Description

Introducing an extraordinary investment opportunity nestled on the prestigious Rodeo Drive of the Desert, 73338 Highway 111 in Palm Desert, CA. This commercial gem, renovated in 2021, offers a total of 7 units spanning 5,582 square feet, along with a newly minted 3,470 square foot high-end private club exclusively tailored for elite members. The property enjoys a privileged location, at full capacity, this property is generating over $20,000 per month in rent, amidst an exquisitely affluent community renowned for its opulence. Other units provide flexibility for owner-occupiers or savvy investors seeking rental income. With its prime position on Highway 111, the property ensures excellent visibility and accessibility for both customers and tenants, making it an ideal hub for businesses to attract clientele and expand operations. Furthermore, with Disney Cotino embarking on a monumental 618-acre resort project just 4 miles away and the vibrant Coachella festival grounds a mere 5 miles away, this locale pulsates with unparalleled energy and potential. Indian Wells Golf Course lies a mere 2 miles distant, adding to the allure of this prime location. Impeccably positioned for success, this property promises a lucrative venture for discerning investors seeking to capitalize on the thriving commercial landscape of Palm Desert. Don't miss this exceptional opportunity to acquire a highly sought-after commercial real estate asset. Schedule a viewing today to seize this extraordinary investment opportunity.

Details

MLS#SR24072286
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year2021
Days On Site42
Listing Provided BySegovia Real Estate Group 818-668-8768 | Jonathon Williams

Features

SQ Feet5,582
Story(s)1
Units7
Building(s)1
Acreage0.19
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 2 minutes ago
StateCA
CountyRiverside
CityPalm Desert
Zip Code92260
Area323 South Palm Desert
Listing VS Median (in 92260)
Price:
$3,850,000
low | high
Med:
$3,850,000
50% of Average
SqFt:
5,582
low | high
Med:
5,582
50% of Average
$ / SqFt:
$690
low | high
Med:
$690
50% of Average
On Site:
42
low | high
Med:
42.000000
100% of Average
Sourced by Back At You
Listing Updated: May 25, 2024 at 1:50:03 PM PDT