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12155 Palm Dr 10,000 SF Retail Building Desert Hot Springs, CA 92240 $1,119,000 ($111.90/SF)
Investment Highlights
- Heavy day time traffic and close to city hall
- Zoned CG, allowing for a variety of retail and service uses.
- Located on Palm Drive with strong visibility and easy access.
- 37 on-site parking spaces for customer convenience.
Executive Summary
Previous Tennant was a World GYM and Sun Glass company. 1 door is rented out and bringing in income. Lowest price/SQFT and below replacement cost for such highly visible, well-located There are currently 4 Doors A , B, C are available, and unit D is leased out. Building has many possibilities. The World GYM is completely vacant and the equipment is no longer available. Property Has 37 parking spaces, updated building, 27,878 SQFT of land and approximately 10,000 sqft under the roof. There are 2 APN's for this property.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
C
Year Built
1992
Price
$1,119,000
Price Per SF
$111.90
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.64 AC
Opportunity Zone
Yes
Zoning
CG - Strip Mall / Multi Use Commercial
Parking
37 Spaces (3.7 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 10,000 SF
- Retail
- -
- 30 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 10,000 SF | Retail | - | 30 Days |
1st Floor
| Size |
| 10,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
Fairly walkable
40/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $877,850 | |
| Land Assessment | $150,455 | Total Assessment | $1,028,305 |
Property Taxes
Parcel Numbers
Land Assessment
$150,455
Improvements Assessment
$877,850
Total Assessment
$1,028,305
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12155 Palm Dr
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