42420 Washington St - Bank FOR SALE


Bermuda Dunes, CA 92203
$1,300,000 USD
760-413-3985
42420 Washington St, Bermuda Dunes, CA for Sale
$1,300,000 USD
Bank - FOR SALE
1/6
null | Request Cap Rate

42420 Washington St
Bermuda Dunes, CA 92203


HIGHLIGHTS

  • 3123 sf freestanding vacant retail building (former bank branch) | Strong demographics include over 152,000 residents withing a 5-mile radius
  • Prominent location at entrance to Washington Square, a community shopping center in Bermuda Dunes
  • Easy access, abundant parking, and high visibility with major building signage on 3 sides | Anchor tenants include Ralphs, Home Goods, and Walgreens
  • Densely developed residential areas including Sun City Palm Desert, and Palm Desert Country Club. | Average Household income over $103,690 annually
  • Located on high traffic Washington Street midway between Interstate 10 FWY, and Hwy 111.
  • Ideally suited to serve the communities of Bermuda Dunes, Palm Desert and La Quinta | Opportunity for adaptive re-use as food or retail use.

OVERVIEW

MAJOR PRICE REDUCTION!! 3123 SF freestanding vacant retail building (former bank branch) prominently located at the entrance to Washington Square Shopping Center in Bermuda Dunes. Easy access, high traffic - high visibility, and strong demographics. Major building signage on 3 sides. Abundant customer parking. The Center is anchored by a Ralph’s, Home Goods, and Walgreens. Densely developed residential growth area with over 152,000 residents within a 5-mile radius. Average Household Income is over $103,690 annually. The site is located on busy Washington Street, midway between Interstate 10 FWY, and HWY 111. Ideally suited to serve the communities of Bermuda Dunes, Palm Desert and La Quinta.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$416 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Bank Branch

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

C-P-S

APN/PARCEL ID

609-020-052

ASK ABOUT THIS PROPERTY

Mark SpohnSVN | Rich Investment Real Estate PartnersMore Info
760-413-3985

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Mark SpohnSVN | Rich Investment Real Estate PartnersMore Info
760-413-3985

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.