73282 Ca-111, Palm Desert, CA 92260

$729,950 Approx. USD 0 beds, 0 baths

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Agent Remarks

Leased investment being sold for lot value. Building . currently set up with retail/office/service businesses. Total of 7 suites, with 3 tenants occupying 5 of these suites( 2 are vacant), and currently generating total of $3700/month. 2 suites on the street, others are in courtyard type setting. 2 bathrooms. Huge rear parking lot with 14+ parking spots. Same owners for 20+ years realize there is a lot of deferred maintenance, and have priced this accordingly. All current tenants are on month-to-month or their lease is up June of this year. Great for an owner user, looking to develop in the future -If fully leased, this would perform at approx. a 6 CAP with new taxes, insurance , etc.

Listing Details

Property type: (Commercial)

Status: Active

MLS# 219122713DA

Price: $729,950

HOA Fee is $0.00

Built in 1952

0.14 acres

Lot size: 0.1400

County: Riverside

Zoning: C-1/C-P

MLS area: 322 - North Palm Desert