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61705-61711 29 Palms Hwy 1,455 SF 100% Leased Retail Building Joshua Tree, CA 92252 $1,400,000 ($962.20/SF)


INVESTMENT HIGHLIGHTS
- Superb identity on 29 Palms Highway at the primary entrance to Joshua Tree National Park
- Corner location at the southwest corner of Sunset Road and 29 Palms Highway, adjacent to the popular Joshua Tree Farmers Market
- Traffic Counts of over 18,000 cars per day on 29 Palms Highway
EXECUTIVE SUMMARY
Cushman & Wakefield, as Exclusive Advisors, is pleased to present the opportunity to acquire this exceptional retail property located at the gateway to Joshua Tree National Park. The offer comprises a fully remodeled (2022) retail building with superb frontage on 29 Palms Highway and a contiguous parcel that is ideal for future development. Joshua Tree National Park is one of the most popular national parks in the United States, attracting over three million visitors annually. The park’s Visitor Center is located within a block of the Property, making it the primary access point on Park Drive in Joshua Tree and accounting for over 500,000 inbound vehicle visits. This visitor activity has provided strong support to the local economy, with over $171 million in visitor spending supporting over 2,000 jobs and generating $209 million in economic output in local gateway economies.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,455 SF
Building Class
C
Year Built
1951
Price
$1,400,000
Price Per SF
$962.20
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.13 AC
Zoning
CG-SCP - Commercial General
Parking
7 Spaces (4.81 Spaces per 1,000 SF Leased)
Frontage
52’ on California 62
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 0603-102-01 | Improvements Assessment | $137,594 |
| Land Assessment | $28,965 | Total Assessment | $166,559 |
PROPERTY TAXES
Parcel Number
0603-102-01
Land Assessment
$28,965
Improvements Assessment
$137,594
Total Assessment
$166,559
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61705-61711 29 Palms Hwy
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