Palm Desert CA Commercial for Sale
$8,950,000
74380 El Camino Unit 2 Palm Desert, CA 92260
- Type:
- Other
- Sq.Ft.:
- 22,200
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.25 Acres
- Year built:
- 1963
- Baths:
- MLS#:
- IV24204898
ADDITIONAL INFORMATION
37 condominium units available in a community of 56 total units. HIGHLIGHTS: Boasts an impressive ProForma CAP rate of 14.33%, reflecting potential of operating complex as a short-term Airbnb or hotel project. / This property is grandfathered, allowing existing short-term rentals (STRs) to continue operating despite location or exceeding the 20% cap. / Updated Units - Walking distance from renowned El Paseo Shopping District & fine dining. / The Palm Desert area is a premier year-round destination, attracting travelers from around the world. / Twenty Two (22) condominium units priced at $5,200,000 / $236,364/unit. & Fifteen (15) condominium units priced at $3,750,000 / $250,000/unit. / Units are currently vacant. Property is fully condomapped. Updated Interiors / Updated Exteriors The offering is located at 74380 El Camino, Palm Desert, CA. The property is centrally located in Downtown Palm Desert, just steps from El Paseo Drive, Palm Desert's main shopping street. The area surrounding the property has evolved into an upscale shopping district, featuring 150 boutiques, art galleries and restaurants. El Paseo, with its concentration of luxury retail outlets, its lush landscaping and its proximity to resorts, spas, golf clubs, tennis gardens, fine dining and nightlife entertainment, is often considered the “Beverly Hills” of the desert community. Palm Desert is a city in the county of Riverside, California, niched in the Coachella Valley and located approximately 14 miles East of Palm Springs and 122 miles East of Los Angeles. The population is constantly growing, going from 41,155 to 48,445 inhabitants, according to censuses conducted in 2000 and 2010. The Palm Desert neighborhood is considered upper-middle class, presenting, according to current income analyses, an above average income, 63.8% higher than the neighborhoods in America. 40.1% of the active population is employed in sales and services, from major sales accounts to the fast food service industry while 36.5% holds managerial and office positions.
$8,950,000
74380 El Camino Palm Desert, CA 92260
- Type:
- Industrial
- Sq.Ft.:
- 22,200
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.25 Acres
- Year built:
- 1963
- Baths:
- MLS#:
- CRIV24204898
View additional info
Courtesy: LE INVESTMENT GROUP
ADDITIONAL INFORMATION
37 condominium units available in a community of 56 total units. HIGHLIGHTS: Boasts an impressive ProForma CAP rate of 14.33%, reflecting potential of operating complex as a short-term Airbnb or hotel project. / This property is grandfathered, allowing existing short-term rentals (STRs) to continue operating despite location or exceeding the 20% cap. / Updated Units - Walking distance from renowned El Paseo Shopping District & fine dining. / The Palm Desert area is a premier year-round destination, attracting travelers from around the world. / Twenty Two (22) condominium units priced at $5,200,000 / $236,364/unit. & Fifteen (15) condominium units priced at $3,750,000 / $250,000/unit. / Units are currently vacant. Property is fully condomapped. Updated Interiors / Updated Exteriors The offering is located at 74380 El Camino, Palm Desert, CA. The property is centrally located in Downtown Palm Desert, just steps from El Paseo Drive, Palm Desert's main shopping street. The area surrounding the property has evolved into an upscale shopping district, featuring 150 boutiques, art galleries and restaurants. El Paseo, with its concentration of luxury retail outlets, its lush landscaping and its proximity to resorts, spas, golf clubs, tennis gardens, fine dining and nightlife entertainment
$2,975,000
73338 Highway 111 Palm Desert, CA 92260
- Type:
- Retail
- Sq.Ft.:
- 5,582
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Year built:
- 2021
- Baths:
- MLS#:
- SR24072286
ADDITIONAL INFORMATION
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.
$4,153,000
74090 El Paseo Palm Desert, CA 92260
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.87 Acres
- Year built:
- 1978
- Baths:
- MLS#:
- 219086349DA
ADDITIONAL INFORMATION
Well located two-story professional building on nearly an acre. Elevator served. This is an exceptional opportunity, ideal for law firm, medical, professional, or mixed-use uses within an ideal urban environment. Nearby many prominent shopping, dining, and entertainment district (Saks, Mastro's, Apple, Gucci, and many more). High traffic volumes of approx. 30,000 cars per day. Abundant free customer parking. Frontage access on both Highway 111 and El Paseo. In Downtown District allowing mixed-use and multi-story projects.
Palm Desert Real Estate
The median home value in Palm Desert, CA is $539,000. This is higher than the county median home value of $536,000. The national median home value is $338,100. The average price of homes sold in Palm Desert, CA is $539,000. Approximately 42.42% of Palm Desert homes are owned, compared to 22.24% rented, while 35.34% are vacant. Palm Desert real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Palm Desert real estate agent to arrange a tour today!
Palm Desert, California 92260 has a population of 51,081. Palm Desert 92260 is less family-centric than the surrounding county with 15.1% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Palm Desert, California 92260 is $67,514. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Palm Desert 92260 is 56.2 years.
Palm Desert Weather
The average high temperature in July is 107.6 degrees, with an average low temperature in January of 45.3 degrees. The average rainfall is approximately 4.7 inches per year, with 0 inches of snow per year.