73338 Highway 111 Active Save Request In-Person Tour Request Virtual Tour
Palm Desert,CA 92260
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,582 sqft
Price per Sqft $536
MLS Listing ID SR24072286
HOA Y/N No
Year Built 2021
Lot Size 8,276 Sqft
Acres 0.19
Property 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.
Location
State CA
County Riverside
Area 323 - South Palm Desert
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Combination,Central,None
Cooling Central Air
Fireplace No
Laundry None
Exterior
Fence Block,Brick,Excellent Condition
Utilities Available Cable Available,Cable Connected,Electricity Available,Electricity Connected,Natural Gas Connected,Propane,Phone Available,Phone Connected,Sewer Available,Sewer Connected,Underground Utilities,Water Available,Water Connected
Building
Lot Description 6-10 Units/Acre
Story 1
Water Public
Others
Tax ID 627092026
Security Features Security System,Closed Circuit Camera(s),Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Key Card Entry,Smoke Detector(s),Security Lights
Special Listing Condition Standard