Palm Desert Retail Building for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30170664
Property Subtypes: Street Retail
Building Size (RSF): 7,900 SF
Gross Building Area: See Agent
Sale Price: $1,775,000
Unit Price: $224.68 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 9.71%
Last Updated: 10/5/2017

Overview / Comments

This building was built in the 80’s and was originally designed
as eight separate units. The utilities are separately metered.
There is a large parking lot in the rear and the front with large
picture windows and the doors face Hwy 111 in the heart of
Palm Desert. There is great visibility along Hwy 111, as well
as excellent signage on the building. There are two tenants
in the building who have been there for many years, Bali
Cleaners and Pearson Architects.

Attachments & Media

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 625-094-020
Zoning: COMMERICAL
Property Located Between: Portola and Hwy 111
Largest Nearby Street: Highway 111
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1985
Total Parking Spaces: 10
Parking Type: Surface
Parking Description: Large lot in the rear
Zoning Description: Commercial

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,527 42,489 102,890
Median Age: 44.52 51.81 52.18
Households: 4,611 20,457 48,509
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