73929 Larrea St - Medical FOR SALE


Palm Desert, CA 92260- South Palm Desert
$2,100,000 USD
760-773-3310
73929 Larrea St, Palm Desert, CA for Sale
$2,100,000 USD
Medical - FOR SALE
1/39
null | Request Cap Rate

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73929 Larrea St
Palm Desert, CA 92260
South Palm Desert


OVERVIEW

The Canlee Building presents an exceptional owner-user opportunity just one block south of El Paseo in the heart of Palm Desert. This distinctive and well-maintained 6,808-square-foot, two-story office property offers an attractive combination of quality owner-user space, existing rental income and additional leasing upside. The property currently has three occupied suites and three available suites, making it particularly well suited for a buyer looking to establish their business in the premier ground-floor office suite while benefiting from income generated by the existing tenants. The remaining available spaces include a fully built-out dental implant office with substantial existing improvements and an upgraded second-floor office suite formerly occupied by Bill Gates. Second-floor suites feature balcony access and attractive views, adding to the property's unique character. The building is served by an elevator and multiple stairwells and offers excellent on-site parking through two separate covered parking areas — reserved covered parking for tenants and additional covered parking for clients and visitors. Located on Larrea Street within Palm Desert's Downtown Edge Overlay (DE-O) District, the property is approximately one block south of El Paseo, providing convenient access to Palm Desert's premier shopping, dining and business corridor while maintaining a quieter professional office setting. The Canlee Building offers a compelling opportunity for an owner-user seeking a high-quality Palm Desert location with existing income and room for future growth.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$318 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

DE-O

APN/PARCEL ID

627-273-007

ASK ABOUT THIS PROPERTY

Matthew LongstrethBaxley Properties IncMore Info
760-773-3310

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Matthew LongstrethBaxley Properties IncMore Info
760-773-3310

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