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66550 Pierson Blvd
Desert Hot Springs, CA 92240
Retail Property For Sale
Investment Highlights
- Central location close to city hall
- Excellent tenant
- Room to expand on two available lots - included in sale
- Redevelopment potentiol to event center, retailer, or gym
Executive Summary
Located across the street from City Hall, new retail, and the geographic center of Desert Hot Springs. Huge building with ample parking, great visibility, and ability to expand on unused parcels.
USLBM is a 500 store hardware & lumber giant. They have a lease to June 2027 and an option to extend.
However, if the property were vacant, it would offer huge potential for redevelopment to an event center, a retail chain location, or gym facilities.
Seller financing considered.
A seven cap deal with two parcels for additional expansion.
USLBM is a 500 store hardware & lumber giant. They have a lease to June 2027 and an option to extend.
However, if the property were vacant, it would offer huge potential for redevelopment to an event center, a retail chain location, or gym facilities.
Seller financing considered.
A seven cap deal with two parcels for additional expansion.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
18,884 SF
Building Class
C
Year Built
1980
Price
$2,944,876 CAD
Price Per SF
$155.95 CAD
Cap Rate
6.86%
NOI
$202,103 CAD
Tenancy
Single
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
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,751,796 CAD | |
| Land Assessment | $473,692 CAD | Total Assessment | $2,225,488 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$473,692 CAD
Improvements Assessment
$1,751,796 CAD
Total Assessment
$2,225,488 CAD
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