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$2,975,000
229 Days On Site

73338 Highway 111
Palm Desert, CA 92260

For Sale|Retail|Active
0
Beds
0
Full Baths
0
Partial Baths
5,582
SqFt
$533
/SqFt
2021
Built
County:
Riverside
Listed by Jonathon Williams of Segovia Real Estate Group jonathonwilliams777@protonmail.com

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73338 Highway 11173338 Highway 11173338 Highway 11173338 Highway 111
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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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Listing Snapshot
Price 
$2,975,000
Days On Site 
229 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,582 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.19 Acres
Year Built 
2021
MLS® Number 
SR24072286
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoPrice changed to $2,975,000
a month agoListing updated with changes from the MLS®
8 months agoStatus changed to Active
8 months agoListing first seen on site
General Features
Acres 
0.19
Number Of Stories 
1
Property Sub Type 
Retail
Security 
Security SystemClosed Circuit Camera(s)Carbon Monoxide Detector(s)Fire Sprinkler SystemKey Card EntrySmoke Detector(s)Security Lights
Special Circumstances 
Standard
SqFt Total 
5582
Utilities 
Cable AvailableNatural Gas AvailableCable ConnectedElectricity AvailableElectricity ConnectedNatural Gas ConnectedPropanePhone AvailablePhone ConnectedSewer AvailableSewer ConnectedUnderground UtilitiesWater AvailableWater Connected
Water Source 
Public
Interior Features
Cooling 
Central Air
Heating 
NoneCentral
Laundry Features 
None
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Exterior Features
Construction Details 
Aluminum SidingBrick VeneerBlockCement SidingGlassMetal SidingConcretePlasterStoneWood Siding
Fencing 
BlockBrick
Community Features
MLS Area 
323 - South Palm Desert


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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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