83500 Hwy 111 - Service Station FOR SALE


Indio, CA 92201
$1,600,000 USD
310-880-7900
83500 Hwy 111, Indio, CA for Sale
$1,600,000 USD
Service Station - FOR SALE
1/10
null | Request Cap Rate

83500 Hwy 111
Indio, CA 92201


HIGHLIGHTS

  • 38,333 SF Signalized Corner Lot with over 38k Cars/day
  • Existing 1,400 SF Automotive Building
  • Potential Development for Double Stacked Drive-thru for 18 Cars and Retail Pad of 4,000 SF
  • Excellent Exposure: Approx. 421 Feet of Frontage
  • Within Blocks of Brand New 346 Unit Palmera Development, new Starbucks & New City Hall
  • 2 Blocks from Thomas Jefferson Middle School

OVERVIEW

PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL INFORMATION: OFFERING SUMMARY: 83500 Hwy 111 in Indio, CA offers an investor the option of either an existing automotive repair property or developing an 18 car double stacked drive-thru pad site of approx. 1,500-2,000 SF and an approx. 4,000 SF retail pad. The property offers excellent visibility with over 421 feet of frontage, on the signalized corner of Hwy 111 & Indio Blvd with over 38k cars/day on the corner. The property has access from both sides, either Hwy 111 or Indio Blvd. Indio, part of the Indio, Cathedral City, Palm Springs metro area has seen a 73% increase in population since 2000 and continues to grow at over 4 times faster the national average. DEMOGRAPHICS: 156,000 Residents within 5 miles with an average income over $80,000 per year. -73% Increase in Indio Population since 2000. FOR SALE: $1,600,000, - 1,400 SF Building on 38,333 SF Lot FOR LEASE: Contact Brokers to Discuss the Drive-thru Pad or Retail Pad

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

38k Cars/day Corner with 421 Feet of Frontage

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

MUC

APN/PARCEL ID

611-380-013,611-380-014

ASK ABOUT THIS PROPERTY

Karl NiehausCREIMore Info
310-880-7900

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Karl NiehausCREIMore Info
310-880-7900

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