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Investment Highlights

  • Stand-alone retail/office building prominently positioned along Highway 111.
  • Convenient access to the intersection of Highway 111 and Monterey Avenue, a primary traffic node in Palm Desert.
  • Located in proximity to national retailers, dining destinations, and lifestyle amenities.
  • Existing veterinary-related improvements provide a functional layout for professional or specialty uses.
  • Situated on an oversized lot with generous on-site parking provisions.
  • High daily vehicle counts enhance property visibility and signage opportunities.

Executive Summary

This rare stand-alone retail/office building presents a unique investment opportunity along highly traveled Highway 111 in Palm Desert. The property encompasses 2,782 square feet with existing improvements previously utilized by a veterinary office, allowing for a smooth transition for similar or professional uses. Situated on a 10,890 square foot parcel, the building benefits from ample on-site parking to accommodate customer and employee needs.
Located near the intersection of Highway 111 and Monterey Avenue, the property offers exceptional visibility and convenient access to major thoroughfares serving the Palm Desert trade area. The surrounding corridor features a mix of national retailers, service providers, and hospitality uses, ensuring consistent traffic and a strong commercial presence. The site’s placement in a dynamic retail and lifestyle hub makes it well suited for owner-users or investors seeking long-term potential in one of the region’s most desirable communities.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
2,782 SF
Building Class
B
Year Built
2000
Price
$850,000
Price Per SF
$305.54
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.25 AC
Zoning
C1SP
Parking
10 Spaces (3.59 Spaces per 1,000 SF Leased)
Frontage
88’ on Highway 111

Amenities

  • Pylon Sign
  • Signage
  • Air Conditioning
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

California Bank & Trust
Chase Bank
Buffalo Wild Wings
Stuft Pizza Bar & Grill
Hot Dog On A Stick
PNC Bank
Citi
Starbucks
The Coffee Bean and Tea Leaf
Daily Grill

Property Taxes

Property Taxes

Parcel Number
627-071-049
Land Assessment
$378,850
Improvements Assessment
$432,972
Total Assessment
$811,822
  • Listing ID: 33140119

  • Date on Market: 9/11/2024

  • Last Updated:

  • Address: 73120 Highway 111, Palm Desert, CA 92260

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