73282 Highway 111 - Storefront FOR SALE


Palm Desert, CA 92260- Palma Village Groves
$740,000 USD
714-875-2400
73282 Highway 111, Palm Desert, CA for Sale
$740,000 USD
Storefront - FOR SALE
1/5
null | Request Cap Rate

73282 Highway 111
Palm Desert, CA 92260
Palma Village Groves


HIGHLIGHTS

  • PREMIER HIGHWAY 111 LOCATION - Positioned on Highway 111, which sees approximately 37,000 vehicles per day
  • ICONIC RETAIL CORRIDOR - Highway 111 is a core retail and dining corridor in Palm Desert, hosting major retail centers
  • STRONG SIGNAGE & FRONTAGE - Features approx. 47 ft of direct frontage on Hwy?111—great visibility, branding opportunity, and walk-up access
  • PARKING & ACCESS - Ample rear parking lot providing 13 spaces, with easy ingress/egress from Highway 111 and neighboring streets; street parking also
  • AFFLUENT & GROWING MARKET - Palm Desert’s population exceeded 52,700 in 2024, with projected growth to 54,600 by 2029.
  • CONSUMER SPENDING POWER - Palm Desert Consumer Spend topped $1.1 billion in 2024

OVERVIEW

Prime Net Lease is pleased to present a premier multi-tenant retail investment opportunity in Palm Desert, California. This ±2,500 SF retail property, positioned directly along Highway 111, offers exceptional visibility with over 37,000 vehicles per day and strong frontage in one of the Coachella Valley’s most desirable commercial corridors. With seven suites currently occupied by a mix of retail and service tenants and one available suite, the property provides immediate leasing upside and long-term value for investors. Located just steps from El Paseo—known as the “Rodeo Drive of the Desert”—and surrounded by top-tier retail destinations including The Shops at Palm Desert and Desert Crossings, this property benefits from a prime location in a thriving trade area. Ample rear parking, strong signage, and easy ingress/egress further enhance its appeal for both tenants and customers. Palm Desert is an affluent and rapidly growing city in the heart of Southern California’s Coachella Valley. The city’s population has surpassed 52,700 residents, with steady growth projected over the coming years. The region attracts over 14 million annual visitors, generating $9 billion in consumer spending, making Palm Desert a true hub for retail, dining, and tourism. With its high average household income and strong demographics, the city provides an exceptional environment for sustained tenant success. This property represents a rare opportunity for investors seeking stable in-place income with additional leasing potential in one of Southern California’s most sought-after markets. Its prime Highway 111 location, excellent fundamentals, and proven market demand position it for long-term growth and value.

FOR SALE DETAILS

PRICE

$740,000 USD

PRICE/SF

$296 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C1SP

APN/PARCEL ID

627-092-021

ASK ABOUT THIS PROPERTY

Paul MatusikPrime Net LeaseMore Info
714-875-2400

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Paul MatusikPrime Net LeaseMore Info
714-875-2400

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