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$3,850,000
9 bath
5,582 Sqft
8,276 Sqft lot

73338 Highway 111, Palm Desert, California 92260

  • Commercial Sale Property Type
  • 21 Days Time on market
  • $690 Price per sqft
  • 2021 Year Built
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 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.

Basic Details
Commercial Sale
Buy
SR24072286
$3,850,000
9
5,582 Sqft
2021
8,276 Sqft
Active
Retail
Features
: Central, None, Combination
: Central Air
: Block, Brick, Excellentcondition
$0
Address
CA
Riverside
Palm Desert
92260
73338 Highway 111
73338
0
W117° 36' 51.7''
N33° 43' 18.6''
Additional Information
21
1
1
5,582 Sqft
0 Sqft
0 Sqft
0.19 Sqft
8,276 Sqft
0 Sqft
627092026
$0
$0
$0
$0
$0
$0
0 Sqft
0 Sqft
$0
1
14/04/2024 14:36:56
$0
: Standard
Heading east on CA-111, take a left turn onto San Marcos Ave, then make a right onto Palm Desert Drive.
Segovia Real Estate Group
Jonathon Williams
SR2827003
SR207072150
$0
: Block, Stone, Cement Siding, Wood Siding, Concrete, Aluminum Siding, Glass, Plaster, Brick Veneer, Metal Siding
0
1
: Item610unitsacre
: Cable Available, Phone Available, Electricity Available, Sewer Available, Electricity Connected, Natural Gas Connected, Water Connected, Water Available, Cable Connected, Phone Connected, Sewer Connected, Underground Utilities, Propane
1
: Square Feet
1
: Square Feet
1
7
7
Security System,Closed Circuit Camera(s),Carbon Mo
1
US-06065-N-627092026-R-N
Retail
13/04/2024 21:01:39
Highway 111
323 - South Palm Desert
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