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Restaurant & 13 lots 78085 Avenida La Fonda 8,000 SF Retail Building La Quinta, CA 92253 $5,200,000 ($650/SF)
Investment Highlights
- Heart of La Quinta Cove with close proximity to Old Town Development - City Hall and major well established country clubs
Executive Summary
ONE OF A KIND OPPORTUNITY, ICONIC UPSCALE OPERATING RESTAURANT & BAR IN THE HEART OF THE LAQUINTA COVE VILLAGE WITH 2ND BUILDING READY ROLL OUT OFFERED AT $5,200,000 - 10 MILLION IN IMPROVEMENTS AND STATE OF THE ART EQUIPMENT, FURNISHINGS AND CUSTOM CONSTRUCTION INCLUDING STADIUM ROOF THAT OPENS TO STARS- OWNER FINANCING AVAILABLE WITH QUALIFIED PURCHASER.
NEGOTIATE TO ADD ON REMAINING LOTS TO COMPLETE PHASE II- LUXURY CONDO/HOTEL & RETAIL HYBRID MIXED USE 45ft TALL ALREADY APPROVED to 60ft tall W/ CPU MOD
13 LOTS total .95 acres 2 BUILDINGS
1@ (approx.) 8000 sqft OPERATING RESTAURANT + 1@ (approx.) 15OO sqft
ENDLESS POSSIBILITIES FOR LUXURY CONDOS - RETAIL & HOTEL HYBIRD
CONTACT: GERARD 760/578-4179 or MAT 310/963-7334
NEGOTIATE TO ADD ON REMAINING LOTS TO COMPLETE PHASE II- LUXURY CONDO/HOTEL & RETAIL HYBRID MIXED USE 45ft TALL ALREADY APPROVED to 60ft tall W/ CPU MOD
13 LOTS total .95 acres 2 BUILDINGS
1@ (approx.) 8000 sqft OPERATING RESTAURANT + 1@ (approx.) 15OO sqft
ENDLESS POSSIBILITIES FOR LUXURY CONDOS - RETAIL & HOTEL HYBIRD
CONTACT: GERARD 760/578-4179 or MAT 310/963-7334
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,000 SF
Building Class
C
Year Built
2000
Price
$5,200,000
Price Per SF
$650
Tenancy
Single
Building Height
2 Stories
Building FAR
0.20
Lot Size
0.90 AC
Zoning
VC - Mixed use commercial, currently a high end restaurant & office building, zoning allows for hotel possibly 80 rooms plus, or residential condominium.
Parking
15 Spaces (1.87 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Restaurant
- Skylights
- Air Conditioning
Walk Score®
Very Walkable (87)
Nearby Major Retailers
Property Taxes
| Parcel Number | 770-122-003 | Improvements Assessment | $1,165,493 |
| Land Assessment | $100,944 | Total Assessment | $1,266,437 |
Property Taxes
Parcel Number
770-122-003
Land Assessment
$100,944
Improvements Assessment
$1,165,493
Total Assessment
$1,266,437
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Restaurant & 13 lots | 78085 Avenida La Fonda
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