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69550 US Highway 111
Rancho Mirage, CA 92270
Retail Property For Sale
Investment Highlights
- Aesthetically unique building with geometric designs and walls of glass
- Ample parking
- Lots of natural light
- Multi use zoning
- High traffic exposure
- Major upgrades to mechanics, roof and interiors
Executive Summary
Multi use building. Retail, Medical, Office.
High ceilings on the main made up of mostly window walls for great exposure. First building in Rancho Mirage just around the corner from the Caliente Casino and Cathedral City Town Square Park where all the new commercial construction/improvements are taking place. Great location.
High ceilings on the main made up of mostly window walls for great exposure. First building in Rancho Mirage just around the corner from the Caliente Casino and Cathedral City Town Square Park where all the new commercial construction/improvements are taking place. Great location.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
12,967 SF
Building Class
B
Year Built/Renovated
1990/2022
Price
$2,775,000
Price Per SF
$214.00
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.31
Lot Size
0.95 AC
Zoning
CPS, Rancho Mirage
Parking
37 Spaces (3.04 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 674-490-023 | Improvements Assessment | $1,324,895 |
| Land Assessment | $331,222 | Total Assessment | $1,656,117 |
Property Taxes
Parcel Number
674-490-023
Land Assessment
$331,222
Improvements Assessment
$1,324,895
Total Assessment
$1,656,117
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