73301 Highway 111 - Bank FOR SALE


Palm Desert, CA 92260- South Palm Desert
$1,900,000 USD
760-774-6533
73301 Highway 111, Palm Desert, CA for Sale
$1,900,000 USD
Bank - FOR SALE
1/8
null | Request Cap Rate

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73301 Highway 111
Palm Desert, CA 92260
South Palm Desert


HIGHLIGHTS

  • Highly visible, freestanding retail building
  • Priced to sell
  • Offered below recent appraised value

OVERVIEW

Exceptional opportunity to acquire a highly visible, freestanding retail building along Highway 111 in the heart of Palm Desert. Formerly occupied by California Bank & Trust, the property offers outstanding exposure and signage, with traffic counts exceeding 33,000–37,000 vehicles per day and approximately 155 feet of Highway 111 frontage. The ±8,620 SF building sits on an approximately 31,800 SF parcel and is well suited for a variety of retail, medical, financial, or service-oriented uses. The site benefits from ample parking, strong access, and a CoStar Location Score of 97 (Best Location) in one of the Coachella Valley’s most established commercial corridors. Priced to sell and offered below recent appraised value, this offering presents a compelling opportunity for both owner-users and investors seeking a below-market basis in a premier Palm Desert location.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Priced Below Appraised Value! $220 PSF

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,808 SF

ZONING

D - Downtown District

APN/PARCEL ID

627-201-022

ASK ABOUT THIS PROPERTY

Michael LyleColdwell Banker Commercial Lyle & AssociatesMore Info
760-774-6533

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Michael LyleColdwell Banker Commercial Lyle & AssociatesMore Info
760-774-6533

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