73282 Highway 111 - Storefront FOR SALE


Palm Desert, CA 92260- Palma Village Groves
$729,950 USD
650-867-1737
73282 Highway 111, Palm Desert, CA for Sale
$729,950 USD
Storefront - FOR SALE
1/10
null | 4.38% Cap Rate

73282 Highway 111
Palm Desert, CA 92260
Palma Village Groves


OVERVIEW

Leased investment being sold for lot value. Building is currently set up with retail/office/service businesses. Total of 7 suites, with 3 tenants occupying 5 of these suites( 2 are vacant), and currently generating total of $3700/month. 2 suites on the street, others are in courtyard type setting. 2 bathrooms. Huge rear parking lot with 14+ parking spots. Same owners for 20+ years realize there is lots of deferred maintenance, and have priced this accordingly. All current tenants are on month-to-month or their lease is up June of this year. Great for an owner user, looking to develop in the future- If fully leased, this would perform at approx. a 6 CAP with new taxes, insurance , etc. **** No seller Financing Available - Looking for all-cash buyer - No conventional financing available for this property /investment *******

FOR SALE DETAILS

PRICE

$729,950 USD

PRICE/SF

$411 USD /SF

CAP RATE

4.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C1SP

APN/PARCEL ID

627-092-021

ASK ABOUT THIS PROPERTY

Steve MogaveroDesert Properties of Coachella ValleyMore Info
650-867-1737

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Steve MogaveroDesert Properties of Coachella ValleyMore Info
650-867-1737

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