Rare Opportunity to Acquire a Landmark Retail Property on Iconic El Paseo. This is a unique chance to own a prime retail building located on world-famous El Paseo Drive—right next to Bucherer/Tourneau, Leeds & Son Fine Jewelers, and Melissa Morgan Fine Art Gallery and Sculpture Garden. It sits directly across the street from prestigious global brands including Tiffany & Co., Gucci, Louis Vuitton, Apple, and Saks Fifth Avenue. Each year, over three million tourists visit the Coachella Valley for renowned events such as the Coachella Music Festival, BNP Paribas Open (Indian Wells Tennis Tournament), and Stagecoach Country Music Festival. Many stay at iconic resorts like the JW Marriott Desert Springs, Hotel Paseo, Hyatt Regency Indian Wells, and Renaissance Esmeralda Resort & Spa. For most, a visit to El Paseo is a highlight of their trip. The property currently requires some TLC. Based on existing conceptual renderings, the building can be either renovated or completely redeveloped. The highest and best use may be to build up to four stories (not to exceed 55 feet in height), subject to buyer verification with the City of Palm Desert. Ample parking is available behind the building.