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Nicolas Romo
Direct Office:
800-659-4610
sellingcasas@gmail.com

DRE# 01787685
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Nicolas Romo
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Direct Office:
800-659-4610
sellingcasas@
gmail.com

DRE# 01787685
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73338 Highway 111,  Palm Desert CA, 92260

(Active)
$3,850,000
|
5,582 sqft
|
MLS# SR24072286
Last Updated: 5/15/2024 2:30 AM
Description for 73338 Highway 111 Palm Desert, CA 92260
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.
Price
$3,850,000
Riverside
5,582 (approx)
SR24072286
Active
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 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.
Listing Information
Property Type: Retail, Business Opportunities, 1 Story
0.19 Acres Assessor 5,582 (approx)
2021 1 Aluminum siding,Block,Brick Veneer,Cement plank,Metal,Stone
Public
Cable Available,Cable Connected,Electricity Available,Electricity Connected,Natural Gas Connected,Propane,Phone Available,Phone Connected,Sewer Available,Sewer Connected,Underground Utilities,Water Av
1 Total
Neighborhood
Room Information
None
Interior Features
Central Air
Other, None, Central
Security System,Closed Circuit Camera(s),Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Key Card Entry,Smoke Detector(s),Security Lights
Exterior / Lot Features
0 Covered Parking Spaces,
Metal, Stone, Aluminum, Brick Trim/Veneer, Block, Cement Plank
Block,Brick,Excellent Condition
6-10 Units/Acre
Community Features
Security System,Closed Circuit Camera(s),Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Key Card Entry,Smoke Detector(s),Security Lights
Driving Directions
Heading east on CA-111, take a left turn onto San Marcos Ave, then make a right onto Palm Desert Drive.
Financial Considerations
627092026
Listing Price History

Palm Desert Real Estate

Palm Desert is located in California. Palm Desert, California 92260 has a population of 54,054.

The median household income in Palm Desert, California 92260 is $62,399. The median household income for the surrounding county is $70,543 compared to the national median of $66,222. The median age of people living in Palm Desert 92260 is 36 years.

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Listing Agent: Jonathon Williams CalDRE: 02220679 - Segovia Real Estate Group
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/15/2024 2:30 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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