74330 Alessandro Dr - Office/Residential FOR SALE


Palm Desert, CA 92260- Palma Village Groves
$1,199,000 USD
760-409-5958
74330 Alessandro Dr, Palm Desert, CA for Sale
$1,199,000 USD
Office/Residential - FOR SALE
1/9
null | Request Cap Rate

74330 Alessandro Dr
Palm Desert, CA 92260
Palma Village Groves


HIGHLIGHTS

  • Remodel 50% complete
  • Near El Paseo, shopping, dining, and business corridors
  • City-approved for 2 live/work + 2 office units
  • Stand-alone building with excellent visibility
  • Reduced for a Quick Sale

OVERVIEW

Reduced for Quick Sale – Exceptional Value-Add Opportunity! Rare opportunity to acquire a stand-alone two-story commercial building in a prime Palm Desert location, just minutes from El Paseo. This 4,000 sq. ft. property is approximately 50% complete with a full remodel underway, offering a prime opportunity for an investor, developer, or contractor to finish and customize to their exact specifications. City-approved plans are included for: Two (2) live/work units Two (2) professional office units This flexible mixed-use configuration creates strong income potential and broad market appeal. Upon completion according to the approved plans, the projected value is $2,000,000. Select attached photos illustrate the planned finished appearance. Take advantage of this compelling value-add opportunity in one of the Coachella Valley’s most desirable commercial markets. Complete the remodel and reposition the property as income-producing live/work and office spaces — or customize for owner-occupancy. With approved plans in place, a central location, and flexible zoning, this asset is well-positioned for strong future returns.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$300 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

STATUS

Under Renovation

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

Mixed Use

APN/PARCEL ID

625-091-008

ASK ABOUT THIS PROPERTY

Eddie SaninDesert Gate Real EstateMore Info
760-409-5958

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Eddie SaninDesert Gate Real EstateMore Info
760-409-5958

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