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73155 Highway 111 9,482 SF 100% Leased Retail Building Palm Desert, CA 92260 $3,499,999 ($369.12/SF) 8.03% Cap Rate

Restaurants California Palm Desert 73155 Highway 111, Palm Desert, CA 92260

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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 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.

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Sale Type
Investment
Sale Conditions
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,482 SF
Building Class
C
Year Built
1980
Price
$3,499,999
Price Per SF
$369.12
Cap Rate
8.03%
NOI
$281,200
Percent Leased
100%
Building Height
1 Story
Building FAR
0.21
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 (7.17 Spaces per 1,000 SF Leased)
Frontage
200’ on Palm Desert
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Source: Local Logic®

Nearby Major Retailers

Starbucks
Daily Grill
Eddie V's
Luna Grill
The Habit Burger Grill
Mastro's Restaurants
Sullivan's Steakhouse
The Coffee Bean & Tea Leaf
Orangetheory Fitness
Pure Barre

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
(909) 496-0186

Still interested?

Contact the broker for more information about this property

Contact

  • Bryan Sanchez
    Bryan Sanchez
  • Century 21 Synergia Realty

  • Listing ID: 39661386

  • Date on Market: 3/4/2026

  • Last Updated:

  • Address: 73155 Highway 111, Palm Desert, CA 92260

More public record information on 73155 Highway 111, Palm Desert, CA 92260

The South Palm Desert Retail Property at 73155 Highway 111, Palm Desert, CA 92260 is currently available. Contact Century 21 Synergia Realty for more information.

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73155 Highway 111
(909) 496-0186 x

73155 Highway 111

Bryan Sanchez
(909) 496-0186

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