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73338 Highway 111

Palm Desert, CA 92260
  • $2,975,000
  • STATUS: Active
  • ON SITE: 196 Days
  • ID#: SR24072286
Price Reduced
UPDATED: 46 min ago
$2,975,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2021
County:

School Ratings & Info

Listing Agent(s): Jonathon Williams of Segovia Real Estate Group (818-668-8768)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-02T10:28:09.333. 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 deemed reliable but is not guaranteed accurate by the MLS or Swell Property. Licensed in the State of California, USA.
www.swellproperty.com/homes/149401723
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73338 Highway 111 Palm Desert, CA 92260

  • Price: $2,975,000
  • Status: Active
  • On Site: 196 Days
  • Updated: 46 min ago
  • ID#: SR24072286
0
Beds
0
Baths
0
½ Baths
0.19
Acres
2021
Built
Neighborhood:
323 - South Palm Desert
County:
Riverside
Area:
323 - South Palm Desert
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.
Exterior Features

Construction Materials Aluminum SidingBrick VeneerBlockCement SidingGlassMetal SidingConcretePlasterStoneWood Siding Entry Level 1 Fencing BlockBrickExcellent Condition Lot Features 6-10 Units/Acre Sign On Property YN No

Interior Features

Cooling Central Air Cooling YN Yes Heating CombinationCentralNone Heating YN No

Property Features

Additional Parcels YN No Business Type AccountingArts and EntertainmentAdministrative and SupportAquarium SuppliesAdvertisingBarber/BeautyBar/Tavern/LoungeChurchCommercialFood & BeverageFinancialFranchiseFitnessGovernmentHealth FoodHotel/MotelHospitalityHealth ServicesJewelryLive/WorkMedical Common Interest None Insurance Expense 4200 Laundry Features None Listing Agreement Exclusive Right To Sell Number Of Units Leased 7 Property Sub Type Retail Security Features Security SystemClosed Circuit Camera(s)Carbon Monoxide Detector(s)Fire Detection SystemFire Sprinkler SystemKey Card EntrySmoke Detector(s)Security Lights Special Listing Conditions Standard Utilities Cable AvailableCable ConnectedElectricity AvailableElectricity ConnectedNatural Gas ConnectedPropanePhone AvailablePhone ConnectedSewer AvailableSewer ConnectedUnderground UtilitiesWater AvailableWater Connected Water Sewer Expense 3800 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-02T10:28:09.333. 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 deemed reliable but is not guaranteed accurate by the MLS or Swell Property. Licensed in the State of California, USA.
 
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Swell Property
1967 N. Coast Hwy 101
Encinitas CA, 92024
Listing Agent(s): Jonathon Williams of Segovia Real Estate Group (818-668-8768)