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$ 1,399,000
Est. payment /mo
Active
11940 Palm Drive Desert Hot Springs, CA 92240
5,328 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 5,328 sqft
Price per Sqft $262
MLS Listing ID CRSB25151504
HOA Y/N No
Year Built 1985
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Office
Property Description
Welcome to 11940 Palm Dr — a 5,328 SF building perched on the premiere corner of Palm & Pierson, the most visible intersection in Downtown Desert Hot Springs This two-story gem in the Commercial Downtown (CD) zone is suited for a wide range of uses. Want a creative office space, wellness center, event venue, or boutique retail concept? You’re in the right place — and right on time. The area is booming with new energy thanks to a wave of new construction homes flooding the valley and fueling a fresh downtown revival. With 19 parking spaces, killer street presence, and a pro forma cap rate of 6.4%, this is a straight-up investor magnet in one of SoCal’s fastest-growing retail and cannabis zones. Fully approved for ALL cannabis uses — retail, cultivation, distribution — with licensing available! No red tape, no waiting games. Just bring your business (or your cash flow goals) and plug in. At the forefront of the canna-business industry, Desert Hot Springs has been dubbed the Emerald City of the Valley ?? highlighting an emphasis on canna-tourism. Offered at a competitive price, this corner lot opportunity is what investor’s dreams are made of.
Location
State CA
County Riverside
Interior
Heating None
Fireplace No
Exterior
Exterior Feature Landscaping
Utilities Available Electricity Connected
Total Parking Spaces 19
Building
New Construction No
Others
Tax ID 639293029
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Amie Shepard • West Shores Realty, Inc.