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72620 El Paseo
8,800 SF Retail Building Palm Desert, CA 92260 £2,603,700 (£296/SF)
Investment Highlights
- El Paseo Address - Highway 111 Visibility
- Fully Fixturized - Existing Restaurant Operator to Vacate Upon Sale/Lease
- Ample Parking
- Newly Renovated in 2022
Executive Summary
This 8,800 SF turn-key property is located along the famous El Paseo, renowned as the “Rodeo Drive of the Desert”.
El Paseo remains a haven for luxury shopping with brands like Gucci, Louis Vuitton, Tiffany and Co., and Saks Fifth Avenue, catering to an affluent community with an average household income exceeding $110,000 within a five-mile radius of the subject property, rated amongst the highest in the nation.
The property presents an ideal chance to become part of a thriving culinary scene in the Coachella Valley, alongside a diverse array of established fine dining establishments and quick-service retailers.
Property Facts
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Wilson Meade Commercial Real Estate is pleased to present this free-standing, newly renovated and fully-fixturized restaurant. This 8,800 SF property is located along the famous El Paseo, renowned as the “Rodeo Drive of the Desert”. El Paseo remains a haven for luxury shopping with brands like Gucci, Louis Vuitton, Tiffany and Co., and Saks Fifth Avenue, catering to an affluent community with an average household income exceeding $110,000 within a five-mile radius of the subject property, rated amongst the highest in the nation. The property presents an ideal chance to become part of a thriving culinary scene in the Coachella Valley, alongside a diverse array of established fine dining establishments and quick-service retailers.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 8,800 SF | Restaurant | - | 30 Days |
1st Floor
| Size |
| 8,800 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| 30 Days |
1st Floor
| Size | 8,800 SF |
| Space Use | Restaurant |
| Position | - |
| Available | 30 Days |
Wilson Meade Commercial Real Estate is pleased to present this free-standing, newly renovated and fully-fixturized restaurant. This 8,800 SF property is located along the famous El Paseo, renowned as the “Rodeo Drive of the Desert”. El Paseo remains a haven for luxury shopping with brands like Gucci, Louis Vuitton, Tiffany and Co., and Saks Fifth Avenue, catering to an affluent community with an average household income exceeding $110,000 within a five-mile radius of the subject property, rated amongst the highest in the nation. The property presents an ideal chance to become part of a thriving culinary scene in the Coachella Valley, alongside a diverse array of established fine dining establishments and quick-service retailers.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 640-160-010 | Improvements Assessment | £1,676,085 |
| Land Assessment | £298,150 | Total Assessment | £1,974,235 |
PROPERTY TAXES
-
Heath Wilson -
Scott Wilson -
Wilson Meade Commercial Real Estate
Presented by
72620 El Paseo
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