Palm Desert Retail Condominium

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30139234
Property Subtypes: Street Retail, Other
Status: Pending/Contingent
Building Size (RSF): 686 SF
Gross Building Area: See Agent
Sale Price: $250,000
Unit Price: $364.43 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/7/2017

Overview / Comments

RECREATIONAL MARIJUANA DISPENSARY LOCATION. This 686 square foot retail condominium is located in a commercially zoned are of Palm Desert, which will be allow the use of a marijuana dispensary starting in 2018, subject to City Council vote in August, 2017.

Located just off the I-10 Freeway via the Washington St exit, the potential for business coming from across the Coachella Valley is exceptional. Combine the low cost and overhead of a smaller unit with accessibility, and you'll find that this is the best deal available on the market.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 626-322-003
Retail Clientele: General, Business, Traveler, Tourist, Recreation, Other
Largest Nearby Street: Country Club Drvie and Cook Street
Traffic/Vehicle Count: 27,145
Highway Access: Property is located just off the I-10 Washington Street exit, along the main channel into Palm Desert and La Quinta.
Tenancy: Multiple Tenants
Number of Stories: 1
Property Condition: Excellent
Year Built: 1993
Roof Type: Flat
Total Parking Spaces: 50
Parking Type: Surface
Parking Description: Communal parking shared between employees and customers for subject property and neighboring units.
Zoning Description: Commercially zoned property. Most retail uses are allowed, along with office uses.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,444 51,583 146,705
Median Age: 48.23 51.73 43.91
Households: 3,531 23,743 58,715


Photograph of Listing Agent

Tyrus Cobb

Wilson Meade Commercial Real Estate
DACIE Member

Sponsoring Organization

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