FOR SALE: OFFICE & RETAIL SALE ACROSS THE STREET FROM EL PASEO

Retail-Commercial for Sale
Catylist Listing ID: 30347944
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 4,173 SF
Gross Land Area: 0.39 - 0.40 Acres
Sale Price: $1,100,000 - 1,200,000
Unit Price: $263.60 - 287.56 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 4,173 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/5/2018

Overview / Comments

THE SUBJECT PROPERTY IS SUITABLE FOR MANY OFFICE AND RETAIL USES. THE FREESTANDING BUILDING HAS A VARIETY OF ARCHITECTURAL UPGRADES AND INTEREST-GRABBING FEATURES. THIS SINGLE-STORY MODERN DESIGNED BUILDING IS WELL MAINTAINED WITH EXCELLENT HWY 111 FRONTAGE AND ABUNDANT STREET-SIDE PARKING. IT SITS ACROSS THE STREET FROM THE WORLD RENOWN EL PASEO SHOPPING DISTRICT. THE LOCATION HAS DENSE TRAFFIC COUNTS ... OVER 40,000 CARS DAILY. SITUATED IN THE MIDDLE OF THE COACHELLA VALLEY ALONG HWY 111, IT IS AN EASY DRIVE TO EITHER PALM SPRINGS OR LA QUINTA.

Additional Details

Nearest MSA: Riverside-San Bernardino-Ontario
County: Riverside
Tax ID/APN: 625-084-007
Zoning: DOWNTOWN COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention
Property Located Between: PORTOLA AND DEEP CANYON ALONG HWY 111 PALM DESERT
Largest Nearby Street: EL PASEO AND HWY 111
Traffic/Vehicle Count: 40,000
Highway Access: IMMEDIATE ACCESS TO HWY 111 AND ALL STATE AND INTERSTATE HWY SYSTEMS.
Airports: 25 MINUTES TO PALM SPRINGS INTERNATIONAL AIRPORT
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,173 SF
Property Condition: Excellent
Year Built: 1955
Total Parking Spaces: 11
Parking Ratio: 2.7 (per 1000 SF)
Parking Type: Surface
Parking Description: 11 EXCLUSIVE PARKING STALLS ALONG WITH ABUNDANT STREET-SIDE PARKING.
Zoning Description: DOWNTOWN COMMERCIAL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,268 42,489 99,134
Median Age: 43.25 51.81 51.99
Households: 6,546 20,457 46,725

Contact

Photograph of Listing Agent

Lynn Coker

NAI Capital
DACIE Member

Sponsoring Organization

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