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73625 Highway 111
Palm Desert, CA 92260 South Palm Desert

$6,950,000 USD

Storefront Retail Office For Sale • 21,783 SF

Property Details

Property Type Storefront Retail Office
Total Building Size 21,783 SF
Lot Size 0.92 AC
Building Class C
Year Built 1952
Tenancy Multiple
Zoning D

0 Transit Score

86 Walk Score

                
                    Highlights
                
                                Year 1 cap rate: 6.91%
                            
                                Year 5 cap rate 8.72%
                            
                                Diversified tenant mix
                            
                                Largest tenant - Keedy’s Fountain & Grill has been in operation since 1957
                            
                                An elevated experience awaits at El Paseo, home to upscale restaurants, designer fashion, art galleries, interior design showrooms & specialty service
                            
                                48,585 cars per day along Highway 111

Amenities

Bus Line
Corner Lot
Freeway Visibility
Signage
Tenant Controlled HVAC
Air Conditioning
Smoke Detector

Public Transportation

Airport	Drive	Walk	Distance
Palm Springs International	23 min	-	12.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	66
Type:	Surface
Included in Rent:	Yes

Josh Salik 858-414-1210 Voit Real Estate Services

73625 Highway 111 Palm Desert, CA 92260 South Palm Desert