Palm Desert, CA 92260 73338 Highway 111

73338 Highway 111 Palm Desert, CA - Image 173338 Highway 111 Palm Desert, CA - Image 273338 Highway 111 Palm Desert, CA - Image 3
30 more
73338 Highway 111 Palm Desert, CA - Image 473338 Highway 111 Palm Desert, CA - Image 573338 Highway 111 Palm Desert, CA - Image 673338 Highway 111 Palm Desert, CA - Image 773338 Highway 111 Palm Desert, CA - Image 873338 Highway 111 Palm Desert, CA - Image 973338 Highway 111 Palm Desert, CA - Image 1073338 Highway 111 Palm Desert, CA - Image 1173338 Highway 111 Palm Desert, CA - Image 1273338 Highway 111 Palm Desert, CA - Image 1373338 Highway 111 Palm Desert, CA - Image 1473338 Highway 111 Palm Desert, CA - Image 1573338 Highway 111 Palm Desert, CA - Image 1673338 Highway 111 Palm Desert, CA - Image 1773338 Highway 111 Palm Desert, CA - Image 1873338 Highway 111 Palm Desert, CA - Image 1973338 Highway 111 Palm Desert, CA - Image 2073338 Highway 111 Palm Desert, CA - Image 2173338 Highway 111 Palm Desert, CA - Image 2273338 Highway 111 Palm Desert, CA - Image 2373338 Highway 111 Palm Desert, CA - Image 2473338 Highway 111 Palm Desert, CA - Image 2573338 Highway 111 Palm Desert, CA - Image 2673338 Highway 111 Palm Desert, CA - Image 2773338 Highway 111 Palm Desert, CA - Image 2873338 Highway 111 Palm Desert, CA - Image 2973338 Highway 111 Palm Desert, CA - Image 3073338 Highway 111 Palm Desert, CA - Image 3173338 Highway 111 Palm Desert, CA - Image 3273338 Highway 111 Palm Desert, CA - Image 3373338 Highway 111 Palm Desert, CA - Image 34
Presented By: Jonathon Williams with Segovia Real Estate Group;
  • MLS# SR24072286
  • 04/11/2024
  • Request Tour
  • Request Info
  • SQFT • 5,582

Home Details

Introducing an extraordinary investment opportunity nestled on the prestigious Rodeo Drive of the Desert, 73338 Highway 111 in Palm Desert, CA. This commercial gem, renovated in 2021, offers a total of 7 units spanning 5,582 square feet, along with a newly minted 3,470 square foot high-end private club exclusively tailored for elite members. The property enjoys a privileged location, at full capacity, this property is generating over $20,000 per month in rent, amidst an exquisitely affluent community renowned for its opulence. Other units provide flexibility for owner-occupiers or savvy investors seeking rental income. With its prime position on Highway 111, the property ensures excellent visibility and accessibility for both customers and tenants, making it an ideal hub for businesses to attract clientele and expand operations. Furthermore, with Disney “Cotino” embarking on a monumental 618-acre resort project just 4 miles away and the vibrant Coachella festival grounds a mere 5 miles away, this locale pulsates with unparalleled energy and potential. Indian Wells Golf Course lies a mere 2 miles distant, adding to the allure of this prime location. Impeccably positioned for success, this property promises a lucrative venture for discerning investors seeking to capitalize on the thriving commercial landscape of Palm Desert. Don't miss this exceptional opportunity to acquire a highly sought-after commercial real estate asset. Schedule a viewing today to seize this extraordinary investment opportunity.
Presented By: Jonathon Williams with Segovia Real Estate Group;

Interior Features for 73338 Highway 111

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1

Other Rooms

Entry Level1

General for 73338 Highway 111

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeAccounting, Advertising, BarTavernLounge, Mixed, MultiTenant, ProfessionalOffice, Other, StripMall, SpecialUse
Carport Y/NNo
CityPalm Desert
Construction MaterialsAluminumSiding, BrickVeneer, Block, CementSiding, Glass, MetalSiding, Concrete, Plaster, Stone, WoodSiding
CoolingCentralAir
CountyRiverside
Days on Market
DirectionsHeading east on CA-111, take a left turn onto San Marcos Ave, then make a right onto Palm Desert Drive.
Expected Active Date 2024-04-14
Garage Y/NNo
HOA / Comm AssnNo
HeatingCombination, Central, None
Home Warranty Y/NNo
Insurance Expense4200.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet8276.0
MLS Area323 - South Palm Desert
MobileHomeRemainsYNNo
New ConstructionNo
Number of Units Leased7
Occupancy DescriptionTenant
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalRetail
Property SubTypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Security FeaturesSecuritySystem, ClosedCircuitCameras, CarbonMonoxideDetectors, FireDetectionSystem, FireSprinklerSystem, KeyCardEntry, SmokeDetectors, SecurityLights
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameHighway 111
Total Units7
UtilitiesCableAvailable, CableConnected, ElectricityAvailable, ElectricityConnected, NaturalGasConnected, Propane, PhoneAvailable, PhoneConnected, SewerAvailable, SewerConnected, UndergroundUtilities, WaterAvailable, Wat
View Y/NNo
Water Sewer Expense3800.0
Waterfront Y/NNo
Year Built2021

Exterior for 73338 Highway 111

Building Area Total5582.0
Crops Included Y/NNo
FencingBlock, Brick, ExcellentCondition
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre
Lot Size Acres0.19
Lot Size Area8276.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
SpaNo
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $3,850,000
MLS#SR24072286
List Date 04/11/2024
Property Type Commercial
Phone 310.658.1749
Request Tour
Request Info
Visit My Website

Similar Properties to 73338 Highway 111