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.
Property Details
Price:
$2,975,000
MLS #:
SR24072286
Status:
Active
Baths:
0
Address:
73338 Highway 111
Type:
Commercial
Subtype:
Retail
City:
Palm Desert
Listed Date:
Apr 3, 2024
State:
CA
ZIP:
92260
Year Built:
2021
Schools
Interior
Cooling
Central Air
Heating
None, Central, Combination
Exterior
Fencing
Block, Brick, Excellent Condition
Security Features
Carbon Monoxide Detector(s), Card/ Code Access, Closed Circuit Camera(s), Fire and Smoke Detection System, Fire Sprinkler System, Security Lights, Security System, Smoke Detector(s)
Stories Total
1
Water Source
Public
Financial
Utilities
Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Connected, Phone Available, Phone Connected, Propane, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected
Map
Community
- Address73338 Highway 111 Palm Desert CA
- CityPalm Desert
- CountyRiverside
- Zip Code92260
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Courtesy of Segovia Real Estate Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Palm Springs, Coachella Valley, and High Desert. Detailed information about real estate listings held by brokerage firms other than The Firm Commercial include the name of the listing broker. Neither the listing company nor The Firm Commercial shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Palm Springs, Coachella Valley, and High Desert. All rights reserved.
73338 Highway 111
Palm Desert, CA
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