CA > Palm Desert
Palm Desert, CA 92260,73338 Highway 111
Palm Desert, CA 92260,73338 Highway 111
Palm Desert, CA 92260,73338 Highway 111
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$2,975,000
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8,276 Sqft Lot
Price Dropped by $20K

73338 Highway 111 Palm Desert, CA 92260

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Bernadette "REALTOR IN RED" Somera

Bernadette "REALTOR IN RED" Somera

+1(619) 931-9854

UPDATED:

10/25/2024 11:27 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24072286

HOA Y/N No

Year Built 2021

Lot Size 8,276 Sqft

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.

Location

State CA

County Riverside

Area 323 - South Palm Desert

Interior

Heating Combination, Central, None

Cooling Central Air

Fireplace No

Laundry None

Exterior

Fence Block, Brick, Excellent Condition

Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Connected, Propane, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected

Building

Lot Description 6-10 Units/Acre

Story 1

Water Public

Others

Tax ID 627092026

Security 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

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Jonathon Williams • Segovia Real Estate Group • 747-279-8218

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Bernadette "REALTOR IN RED" Somera

Agent | License ID: 01377020

+1(619) 931-9854

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73338 Highway 111