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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

PROPERTY TAXES

Parcel Number
674-490-041
Land Assessment
£502,987
Improvements Assessment
£482,868
Total Assessment
£985,855
  • Listing ID: 31918001

  • Date on Market: 24/05/2024

  • Last Updated:

  • Address: 69620 Highway 111, Rancho Mirage, CA 92270

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