73993 Highway 111 - Medical FOR SALE


Palm Desert, CA 92260- South Palm Desert
$2,950,000 USD
760-250-8992
73993 Highway 111, Palm Desert, CA for Sale
$2,950,000 USD
Medical - FOR SALE
1/21
null | 2.78% Cap Rate

Jun '26


73993 Highway 111
Palm Desert, CA 92260
South Palm Desert


HIGHLIGHTS

  • 9,506 SF multi-tenant commercial building in the heart of Palm Desert
  • Ideal medical/professional building
  • Prime location at the signalized corner of Highway 111 and Portola Ave, with 54,071 average cars per day
  • Well-maintained property with covered parking onsite plus abundant parking in the adjacent public parking lot
  • The 6,000 SF lower level is on a month-to-month master lease which presents an ideal owner/user opportunity with high-quality tenants on 2nd level

OVERVIEW

- 9,506 SF multi-tenant commercial building in the heart of Palm Desert - Ideal medical/professional building - Prime location at the signalized corner of Highway 111 and Portola Ave, with 54,071 average cars per day - Well-maintained property with covered parking onsite plus abundant parking in the adjacent public parking lot - High visibility with excellent signage - Close proximity to El Paseo, the Coachella Valley’s premier luxury shopping and dining destination with businesses such as Gucci, Restoration Hardware, Louis Vuitton, Mastro’s Steakhouse, Anthropologie, Apple, and more! - Affluent demographics - The 6,000 SF lower level is on a month-to-month master lease which presents an ideal owner/user opportunity with high-quality tenants on the second level

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$310 USD /SF

CAP RATE

2.78%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

9,506 SF Multi-Tenant Commercial

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

D

APN/PARCEL ID

627-222-058

ASK ABOUT THIS PROPERTY

Susan HarveyDesert Pacific PropertiesMore Info
760-250-8992

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Susan HarveyDesert Pacific PropertiesMore Info
760-250-8992

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