73155 Highway 111 - Restaurant FOR SALE


Palm Desert, CA 92260- South Palm Desert
$3,499,999 USD
909-496-0186
73155 Highway 111, Palm Desert, CA for Sale
$3,499,999 USD
Restaurant - FOR SALE
1/54
null | 8.03% Cap Rate

73155 Highway 111
Palm Desert, CA 92260
South Palm Desert


HIGHLIGHTS

  • Heavy Day time Traffic, Building has been in business for over 52 Years.

OVERVIEW

Seller will carry paper up to 2 million. This building features two restaurants, providing immediate operating income with the purchase. The business is NEGOTIABLE, and the property includes 212 parking spaces. restaurant has been a trusted name for 57 years, earning a strong reputation in and around the Palm Desert area. With four additional operating locations, this is an exceptional business opportunity. With a low 3% franchise fee, it could be yours to own and grow.

FOR SALE DETAILS

PRICE

$3,499,999 USD

PRICE/SF

$369 USD /SF

CAP RATE

8.03%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

212

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

C1SP

APN/PARCEL ID

627-192-038

ASK ABOUT THIS PROPERTY

Bryan SanchezCentury 21 Synergia RealtyMore Info
909-496-0186

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Bryan SanchezCentury 21 Synergia RealtyMore Info
909-496-0186

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.