8
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$699,950
Est. payment /mo
2,500 SqFt
Price Dropped by $50K
73282 Ca-111 Palm Desert, CA 92260
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UPDATED:
02/09/2025 05:11 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $279
MLS Listing ID 219122713
HOA Y/N No
Year Built 1952
Lot Size 6,098 Sqft
Property Description
Leased investment being sold for lot value. Building . currently set up with retail/office/service businesses. Total of 7 suites, with 3 tenants occupying 5 of these suites( 2 are vacant), and currently generating total of $3700/month. 2 suites on the street, others are in courtyard type setting. 2 bathrooms. Huge rear parking lot with 14+ parking spots. Same owners for 20+ years realize there is a lot of deferred maintenance, and have priced this accordingly. All current tenants are on month-to-month or their lease is up June of this year. Great for an owner user, looking to develop in the future -If fully leased, this would perform at approx. a 6 CAP with new taxes, insurance , etc.
Location
State CA
County Riverside
Area 322 - Palm Desert North
Others
Special Listing Condition Standard
Listed by Desert Properties of Coachella Valley