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$ 3,295,000
Est. payment /mo
Active
73338 Highway 111 Palm Desert, CA 92260
5,582 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,582 sqft
Price per Sqft $590
MLS Listing ID CRSR25082009
HOA Y/N No
Year Built 2021
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Retail
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 t
Location
State CA
County Riverside
Interior
Heating None, Other
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Other, Cable Available, Cable Connected, Propane
Building
New Construction No
Others
Tax ID 627092026
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Listed by Jonathon Williams • eXp Realty of Greater Los Angeles, Inc.