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Parker Hardware 66550 Pierson Blvd 18,884 SF Retail Building Desert Hot Springs, CA 92240 $2,977,556 CAD ($157.68 CAD/SF)
INVESTMENT HIGHLIGHTS
- Successful business (current tenant)
- Vacant parcels offer expansion
- Visitor serving mixed use zoning with enhanced density and opportunity to capitalize on city center location
EXECUTIVE SUMMARY
Triple net, credit tenant, plus two lots for development. Make offer.
Close to Palm Drive & Pierson Bl, and the Desert Hot Springs City Hall, this block offers both location and opportunity to create as many as 44 residences and mixed use commercial space.
Current tenant has two extension options(five years each) with rent bumps.
If tenant vacates, multiple parties have expressed interest in occupying the entire space: clothing, retail, hardware, and fitness.
There are vacant lots to be developed.
Close to Palm Drive & Pierson Bl, and the Desert Hot Springs City Hall, this block offers both location and opportunity to create as many as 44 residences and mixed use commercial space.
Current tenant has two extension options(five years each) with rent bumps.
If tenant vacates, multiple parties have expressed interest in occupying the entire space: clothing, retail, hardware, and fitness.
There are vacant lots to be developed.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Building Size
18,884 SF
Building Class
C
Year Built
1980
Price
$2,977,556 CAD
Price Per SF
$157.68 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
2.96 AC
Opportunity Zone
Yes
Zoning
VS-MU - In Desert Hot Springs, California, Downtown Commercial zoning
Parking
65 Spaces (3.44 Spaces per 1,000 SF Leased)
Frontage
475’ on Pierson Blvd
AMENITIES
- Pylon Sign
- Signage
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,803,453 CAD | |
| Land Assessment | $487,661 CAD | Total Assessment | $2,291,114 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$487,661 CAD
Improvements Assessment
$1,803,453 CAD
Total Assessment
$2,291,114 CAD
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Parker Hardware | 66550 Pierson Blvd
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