73965 Highway 111
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73965 Highway 111
4,630 SF Retail Building Palm Desert, CA 92260 £1,195,003 (£258/SF)
Investment Highlights
- Ideal for an owner/user seeking a commercial building on Highway 111
- The back street is El Paseo Drive
- Existing tenants are month to month and all or part can be removed as part of the sale
- Highway 111 is the main corridor for the Coachella Valley
- The building is next to Portola Avenue, one of two roadways to affluent South Palm Desert
Executive Summary
Ideal opportunity for an owner/user. Existing tenants are month to month and all can be removed to accommodate a single-tenant. This is a commercial building with frontage to Highway 111 with access from either the frontage road on the north or through the common area parking lot located at the south that is maintained by the City of Palm Desert. The back parking area has been renovated featuring covered parking, lights, EV charging stations, new pavement, and the re-striping of the parking spaces. Located at the SWC of Highway 111 and Portola Avenue, one of the busier intersections in the Coachella Valley. This is not being marketed as a leased investment, but the target audience are owner/users seeking their own building on Highway 111 in Palm Desert.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
4,630 SF
Building Class
B
Year Built
1980
Price
£1,195,003
Price Per SF
£258
Tenancy
Single
Number of Floors
1
Building FAR
0.43
Lot Size
0.25 AC
Zoning
D-O. Downtown CoreOverlay - Allowed uses are art galleries, clothing and apparel, furniture and furnishings, jewelry, spa services, luggage, liquor, medical, office and retail.
Parking
35 Spaces (7.56 Spaces per 1,000 SF Leased)
Frontage
66 ft on Hwy 111
Amenities
- Balcony
Walk Score ®
Very Walkable (87)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 627-222-014 | Improvements Assessment | £573,039 (2023) |
| Land Assessment | £298,497 (2023) | Total Assessment | £871,536 (2023) |
PROPERTY TAXES
Parcel Number
627-222-014
Land Assessment
£298,497 (2023)
Improvements Assessment
£573,039 (2023)
Total Assessment
£871,536 (2023)
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73965 Highway 111
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