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74090 El Paseo
Palm Desert, CA 92260
El Paseo Professional Plaza · Office Property For Sale
Investment Highlights
- Dual frontage on iconic El Paseo and highly trafficked Highway 111 for maximum visibility.
- Rare additional parcel available for future development and value creation.
- Conceptual plans allow approximately 4,000 SF expansion, subject to approvals.
- Includes existing 12,870 SF office building with immediate occupancy potential.
- Surrounded by luxury shopping, upscale dining, and premier hospitality destinations.
Executive Summary
Located along prestigious El Paseo, this property presents an exceptionally rare development and investment offering in the heart of Palm Desert’s luxury retail and business district. The asset features an existing 12,870 SF two-story office building combined with an additional buildable parcel offering expansion or redevelopment options. Enjoy high-visibility dual frontage on El Paseo and Highway 111, which carries more than 30,000 vehicles per day, ensuring unparalleled exposure. The site includes conceptual renderings for an additional 2,500 SF footprint with up to 4,000 SF of two-story office or medical space, subject to buyer verification and approvals. Surrounded by luxury retailers, fine dining, and sought-after resorts, this property offers flexible potential as an owner-user headquarters, medical practice, or long-term investment. Opportunities to acquire property along El Paseo with both existing improvements and future development capacity are extremely limited, making this a truly unique acquisition.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
12,870 SF
Building Class
C
Year Built
1978
Price
$3,999,900
Price Per SF
$310.79
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,435 SF
Building FAR
0.34
Lot Size
0.87 AC
Zoning
District Downtown - Downtown (D) District. The Downtown (D) zone
introduces urban, multi-story buildings up to 3 stories tall
D.O. - Downtown Core Overlay District
Parking
40 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Central Heating
- Fully Carpeted
- Air Conditioning
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,596,118 | |
| Land Assessment | $754,623 | Total Assessment | $2,350,741 |
Property Taxes
Parcel Numbers
Land Assessment
$754,623
Improvements Assessment
$1,596,118
Total Assessment
$2,350,741
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