72996 El Paseo

Retail-Commercial for Sale
Catylist Listing ID: 30708615
Property Subtypes: Retail-Pad
Building Size (RSF): 9,600 SF
Gross Building Area: See Agent
Sale Price: $4,800,000
Unit Price: $500 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/4/2021

Overview / Comments

Located on the signalized corner of Hwy 111 and Hwy 74, with El Paseo at the South corner of the shopping complex, this is the best location in Palm Desert. The unique, eye catching architecture, amazing signage and high traffic make this property an incredible opportunity for an investor or owner/user.

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Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 640-170-009
Zoning: C-1
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 9,600 SF
Property Condition: Excellent
Year Built: 1980
Total Parking Spaces: 40
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,672 36,165 85,495
Median Age: 42.96 50.63 51.39
Households: 4,702 17,149 40,074

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