69620 Highway 111
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69620 Highway 111
6,122 SF 100% Leased Retail Building Rancho Mirage, CA 92270 £1,084,875 (£177/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
£1,084,875
Price Per SF
£177
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
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 | £482,868 |
Land Assessment | £502,987 | Total Assessment | £985,855 |
PROPERTY TAXES
Parcel Number
674-490-041
Land Assessment
£502,987
Improvements Assessment
£482,868
Total Assessment
£985,855
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69620 Highway 111
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