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74271 Highway 111 5,000 SF Vacant Retail Building Palm Desert, CA 92260 $1,770,600 CAD ($354.12 CAD/SF)
Investment Highlights
- The building fronting Highway 111 offers excellent tenant identification and prominent visibility. Long term hold or re-development opportunity.
Executive Summary
Unique Property: The current configuration features retail frontage along Highway 111, with separate private studios located in the south portion of the parcel.
Zoning is in the Downtown District / C1 = Neighborhood Commercial, allowing retail, personal services, and office uses. Making it an attractive opportunity for investors seeking a versatile commercial asset, owner-users, and developers who recognize the property's long-term potential for a re-development opportunity up to three stories.
Zoning is in the Downtown District / C1 = Neighborhood Commercial, allowing retail, personal services, and office uses. Making it an attractive opportunity for investors seeking a versatile commercial asset, owner-users, and developers who recognize the property's long-term potential for a re-development opportunity up to three stories.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
B
Year Built/Renovated
1960/1985
Price
$1,770,600 CAD
Price Per SF
$354.12 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.27 AC
Zoning
C-1SP - Downtown District: Neighborhood Commercial, allowing retail, personal services, and office uses.
Redevelopment Opportunities.
Frontage
33’ on Highway 111
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Thriftology
- -
- -
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Thriftology | - | - | $9.99 | Lorem Ipsum | - |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 625-122-003 | Improvements Assessment | $385,390 CAD |
| Land Assessment | $135,466 CAD | Total Assessment | $520,857 CAD |
Property Taxes
Parcel Number
625-122-003
Land Assessment
$135,466 CAD
Improvements Assessment
$385,390 CAD
Total Assessment
$520,857 CAD
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74271 Highway 111
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