73640-73690 El Paseo - Storefront Retail/Office FOR SALE


Palm Desert, CA 92260
$7,500,000 USD
760-641-7602
73640-73690 El Paseo, Palm Desert, CA for Sale
$7,500,000 USD
Storefront Retail/Office - FOR SALE
1/19
null | Request Cap Rate

73640-73690 El Paseo
Palm Desert, CA 92260


HIGHLIGHTS

  • Available For Sale for the first time in many years!
  • Unique opportunity to acquire a landmark Property on the corner of El Paseo and Larkspur Lane in the "Heart" of it ALL!
  • Multi-use, eclectic and iconic Property!
  • Historically operates at 100% occupancy!

OVERVIEW

GRAPEVINE PLAZA .... Available For Sale for the first time in many years! This is truly a unique opportunity to acquire a landmark Property on the corner of El Paseo and Larkspur Lane, across from The Gardens in the "Heart" of El Paseo's Shopping, Dining and Entertainment District! This multi-use, eclectic Property has been a Palm Desert icon for many years and will remain an integral part of the El Paseo experience for many years to come! Providing unobstructed street frontage on one of the busiest corners of El Paseo with ample on-street front parking and abundant private rear parking, this Property historically operates at 100% occupancy. Adjacent to many world-renown Retailers, numerous trendy Restaurants/Lounges, multiple Resorts/Boutique Hotels and several elite neighborhoods, this Property contains a synergistic mix of long-term, successful tenants, including Cafe Des Beaux-Arts Restaurant, Lumpy Bunny Children's Store, Sophia's Shoe Salon, Wayne's Collection Women's Wear, Valley View Dental, The Sandy Mane Salon and Engel & Volkers Real Estate! Located on the northeast corner of El Paseo and Larkspur Lane.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$680 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grapevine Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

El Paseo Larkspur

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

C1SP

APN/PARCEL ID

627-212-005

ASK ABOUT THIS PROPERTY

Rob WentholdColdwell Banker Commercial Lyle & AssociatesMore Info
760-641-7602

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Rob WentholdColdwell Banker Commercial Lyle & AssociatesMore Info
760-641-7602

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