73282 Ca-111 Active Save Request In-Person Tour Request Virtual Tour
Palm Desert,CA 92260
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 219122713DA
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 - North Palm Desert
Zoning C-1/C-P
Others
Special Listing Condition Standard