82490 Highway 111 - Bank FOR SALE
Indio, CA 92201 |
82490 Highway 111
Indio, CA 92201
HIGHLIGHTS
- True Value-Add Opportunity 8.17% Proforma Cap Rate or Potential Owner-User Opportunity w/ Passive Income
- Building and Tenant Composition - Chase Bank, Cabinets, Pawn Shop - Upside Through Lease-Up
- Location Advantages – Limited Competition - Highway 111 and Arabia Street Yields High Traffic, with Over 27,111 Cars Per Day.
- City and Growth Factors: In 2019, the Riverside County Fair Received Over 1.1 Million Visitors and is Slated to Reopen in February of 2023.
- The Site Abuts the Palmera Project, which is in the Process of Developing 346 Multi-Family For-Rent and For-Sale Residential Units
- Market Drivers & Demographics: Strong Supporting Demographics 5-Mile Radius | Over 161,000 People and Average Household Income of $88,000
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Indio Hwy 111 Shopping Center 8.17% Proforma
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
ADD'L SUBTYPES
Restaurant, Storefront
TOTAL BUILDING SIZE
49729
STORIES
1
YEAR BUILT
1978
SPRINKLERS
-
PARKING SPACES
40
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
611-110-023
