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73155 Highway 111 8,000 SF 100% Leased Retail Building Palm Desert, CA 92260 $3,999,999 ($500.00/SF) 7.88% Cap Rate
Investment Highlights
- Heavy Day time Traffic, Building has been in business for over 52 Years.
Executive Summary
This building features two restaurants, providing immediate operating income with the purchase. The second business is negotiable, and the property includes 212 parking spaces. restaurant has been a trusted name for 57 years, earning a strong reputation in and around the Palm Desert area. With four additional operating locations, this is an exceptional business opportunity. With a low 3% franchise fee, it could be yours to own and grow.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,000 SF
Building Class
C
Year Built
1980
Price
$3,999,999
Price Per SF
$500.00
Cap Rate
7.88%
NOI
$315,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.18
Lot Size
1.02 AC
Zoning
C1SP - This allows for small scale commercial uses that serve the surrounding neighborhood, such as retail shops, restaurants, personal services, or offices.
Parking
68 Spaces (8.5 Spaces per 1,000 SF Leased)
Frontage
200’ on Palm Desert
Walk Score®
Very Walkable (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | 627-192-038 | Improvements Assessment | $1,745,784 |
| Land Assessment | $1,003,965 | Total Assessment | $2,749,749 |
Property Taxes
Parcel Number
627-192-038
Land Assessment
$1,003,965
Improvements Assessment
$1,745,784
Total Assessment
$2,749,749
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Presented by
Century 21 Synergia Realty
73155 Highway 111
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