Active
73338 Highway 111
Palm Desert CA, 92260
$2,950,000
$528.48 per sqft
Active
5,582 sqft
Commercial
Built in 2021
Listed by Jonathon Williams with Segovia Real Estate Group 747-279-8218
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.
SR24072286
MLSⓇ ID
April 14, 2024
Listed
December 5, 2024
Updated
Map
73338 Highway 111
Palm Desert CA, 92260
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Heating Description
Combination, Central, None
Exterior/Building Features
Lot Size
0.19 Acres
Lot Features
6-10 Units/Acre
Other Property Details
Area Name
323 - South Palm Desert
Days on Market
234
Garage
No
View
No
County
Riverside
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
12/1/2024 | Price change | $2,950,000 -1% |
10/25/2024 | Price change | $2,975,000 -1% |
9/12/2024 | Price change | $2,995,000 -10% |
7/9/2024 | Price change | $3,295,000 -6% |
6/19/2024 | Price change | $3,495,000 -10% |
Listing Contact: 818-668-8768
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 12/5/2024 at 5:23 AM UTC