Palm Desert, CA Retail Property For Sale

Repositioned Retail shopping center in the heat of Central Palm Desert.? At the second highest trafficked intersection in the Coachella Valley.? This building has new tenants open and built out including Monsoon Indian Cuisine, Strength Code Fitness, Center, Palm Desert Tattoo, and Barking Beauties Pet Grooming.? Plans for a facade enhancement have been approved with City of Palm Desert and will begin in 90 days.? Perfect for a 1031 exchange with upside.? Call for an amazing opportunity.?

Located on the signalized corner of Hwy 111 and Hwy 74, with El Paseo at the South corner of the shopping complex, this is the best location in Palm Desert. The unique, eye catching architecture, amazing signage and high traffic make this property an incredible opportunity for an investor or owner/user.

This property is a unique opportunity. A buyer can either keep the existing retail and restaurant buildings and add rental space on the undeveloped portion of the property or rezone the property for construction of a new 4-5 story building on the property. The new building could contain a hotel, retail and restaurant spaces, and/or residential condominiums. The city of Palm Desert has identified this city block as one on which they would like to see these types of uses as part of the urbanization of El Paseo. The property is located across the street from the U.S. Postal Service building. Other businesses located nearby include banks, restaurants, upscale consignment stores, specialty retail, and hair and nail salons.

The property contains 1.81 acres and is bounded by El Paseo on the north, Portola Ave. on the E

Free standing commercial building for office or retail uses.