Aegean Automotive Building 42604 Aegean St 5,155 SF Industrial Building Indio, CA 92203 $1,499,999 ($290.98/SF) 5.16% Cap Rate

Ideal for an owner-user or investor, this single-tenant commercial property is located in North Indio with convenient access to the I-10 Freeway, providing strong regional connectivity and visibility.
The property is currently occupied; however, the tenant has been given notice and the building will be delivered vacant by March 1, 2026, offering a clear path for owner-user occupancy or re-tenanting.
Situated on Regional Commercial (RC) zoning, the site allows for a broad range of commercial uses including retail, restaurant, service, entertainment, and visitor-serving uses. Automotive-related uses are also permitted (buyer to verify specific use), enhancing the property’s flexibility and long-term marketability.
Constructed in 2005, the ±5,155 square foot building features single tenancy, making it well-suited for an owner-user, franchise operator, or investor seeking a repositioning opportunity. Seller financing is available, creating additional flexibility for qualified buyers.
City of Indio GIS Map: https://www.indio.org/departments/community-development-department/gis-map

Highlights:
1. Vacant by March 1, 2026
Tenant has been given notice, allowing for planned owner-user occupancy or lease-up strategy.
2. Regional Commercial (RC) Zoning
Supports retail, restaurant, service, entertainment, and visitor-serving uses near major freeway corridors.
3. Automotive Uses Allowed
Adds flexibility and demand drivers (buyer to verify permitted uses).
4. Single-Tenant Building
±5,155 SF, ideal for owner-users, franchise concepts, or value-add investors.
5. Built in 2005
Modern construction relative to surrounding inventory.
6. North Indio Location
Easy access to I-10 and surrounding commercial development.
7. Potential For Seller Financing Available
Enhances deal structure flexibility and buyer pool.
8. High-Demand Automotive Zoning
Automotive-permitted sites are increasingly scarce due to local zoning restrictions, making this property especially attractive and positioning it as a highly sought-after asset within the North Indio market.
9. Strong Investment Metrics (Proforma)
Projected Lease Rate of $1.25/SF + NNN, delivering an estimated NOI of $77,325 and a 5.16% Cap Rate, offering stable cash flow with long-term upside.


Regional Commercial (RC) — Permitted (P) Uses. Partial List does not include Administrative Use Permits (AUP); Conditional Use Permits (CUP); Temporary Use Permits (TUP); Accessor Use (AU) and Not Permitted (X). See fully zoning information and verify with the City of Indio’s Planning Department for accuracy.
Agriculture / Animal:
*Greenhouse, Private
Automobile & Vehicle:
*Auto and Vehicle Rental
*Auto and Vehicle Sales, New
*Auto and Vehicle Sales, Used
*Auto and Vehicle Services and Repair – Minor
*Auto and Vehicle Washing and Detailing
*Auto and Vehicle Wrecking/Dismantling
Cannabis
*(No cannabis uses are permitted by right in RC — all require CUP or are prohibited)
Eating, Drinking & Entertainment
*Bar/Nightclub/Lounge
*Brewpub/Taproom/Wine Bar
*Microdistillery
*Restaurant, Dine-In and Take-Out
*Restaurant, Drive-Through
*Theater/Performing Arts Center
*Indoor Entertainment (Accessory Use)
Industrial / Manufacturing / Trade
*Artisan Manufacturing / Makerspace
*Construction and Materials Yards
*Wholesaling, Distribution
*Manufacturing / Processing, Light
Recreation, Education & Public Assembly
*Indoor Commercial Recreation and Sports
*Community Assembly (up to 5,000 sq ft)
*Cultural Institutions
*Day Care Centers
*Instructional Services (= 5,000 sq ft)
*Open Space, Natural
*Parks and Recreation Facilities
*Public Service Facility
Retail, Business & Office:
*Adult-Oriented Businesses
*Animal Sales and Services
*Banks, Financial, and Savings and Loan
*Building Materials Sales and Service
*Business to Business Support Services
*Check-Cashing Businesses
*Food Preparation, Commercial
*Fortune-Telling, Palm and Card Reading
*Funeral Homes and Mortuaries
*General Retail = 5,000 sq ft
*General Retail 5,000 – 25,000 sq ft
*Grocery Store
*Hospital
*Kennels/Boarding, Commercial
*Kiosk / Outdoor Vending
*Laundromat
*Massage Establishment (Accessory Use)
*Medical Services, Extended Care
*Medical Clinics
*Medical Services, Urgent Care
*Mini-Storage Warehouse or Facility
*Neighborhood Market
*Nursing/Gardening Center
*Offices (Processing)
*Offices, Service
*Offices, Professional / Administrative
*Outdoor Display (Accessory)
*Pawnshops
*Personal Services
*Research and Development
*Smoke Shops
*Swap Meet (Outdoor, Temporary)
*Tattoo / Body Art / Piercing
*Resale / Consignment / Thrift Shop
*Veterinary Hospitals
Utilities, Transportation & Infrastructure
*Communication Facilities
*Freight / Trucking Facility
*Light Fleet-Based Services
*Mobile Recycling Units
*Parking Lots and Structures
*Public Utilities, Minor
*Renewable Energy System (Primary Use)
*Renewable Energy System (Building-Mounted – Accessory)
*Renewable Energy System (Stand-Alone – Accessory)
*Recycling Processing Facility
*Reverse Vending Machines (Accessory)
*Utility Yard