73930 El Paseo

Retail-Commercial for Sale
Catylist Listing ID: 30597215
Property Subtypes: Free-Standing Building
Building Size (RSF): 5,131 SF
Gross Land Area: 5,350 SF
Sale Price: $1,550,000
Unit Price: $302.09 PSF
Ceiling: 20 ft.
Property Use Type: Vacant/Owner-User
Building Name: 73930 El Paseo
Usable Size (USF): 5,131 SF
Core Factor: 1%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/27/2020

Overview / Comments

Beautiful shell building space that replaced a previous building on the property. The new space features new floor, new storefront and back entrances, handicapped access ramp, new roof, 4 new HVAC units, sprinkler system, and new 2-hour fire rated side walls. The space is open to the roof deck, allowing for an open look, if desired. Ideal for owner/user. Great potential for a design showroom or an art gallery. Could be subdivided to provide a space facing El Paseo and one facing north into the parking lot that is located on the north side of the building.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Taxing Authority: Riverside County, California
Tax ID/APN: 627-222-027-2
Zoning: C1
Retail Clientele: General
Property Located Between: Portola Ave. and San Luis Rey
Largest Nearby Street: Highway 111
Feet of Frontage: 50
Highway Access: Highway 111 is located less than one block north of the subject building.
Airports: Palm Springs International, Bermuda Dunes Airport, Jacqueline Cochran Airport
Site Description: Street retail just west of Portola Avenue. Close to consignment stores, restaurants, U.S. Post Office, Bank of America, and numerous hair and nail salon businesses.
Area Description: El Paseo is known as the "Rodeo Drive of the Desert" due to the nature of its upscale retailers and restaurants. It also features numerous upscale consignment stores.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,131 SF
Property Condition: Excellent
Year Built: 2016
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Steel Frame
Exterior Description: Glass with stone-look veneer on both the front and back sides of the building. The building is significantly taller than adjoining buildings, providing dominant signage opportunities.
Total Parking Spaces: 50
Parking Ratio: 5 (per 1000 SF)
Parking Type: Surface
Parking Description: Parallel street parking in front of the building. City owned parking lot located on the north (back) side of the building.
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Currently an open shell.
Zoning Description: C1
Lot Frontage: 50
Lot Depth: 107
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple
Legal Description: Lot 23 in Block "S" of Palm Desert Unit No. 1, in the City of Palm Desert, County of Riverside, State of California, as per map recorded in Book 21, Pages 50, 51, 52, 53 and 54 of Maps, in the office of the County Recorder of Said County. APR: 627-222-027-2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,506 41,062 98,298
Median Age: 43.34 51.25 51.85
Households: 5,286 19,620 46,297

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