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    73995 El Paseo Palm Desert, CA 92260

    Under Contract
    For Sale
    $7,500,000

    COMMERCIAL - Palm Desert, CA

    Property size:
    24,000 SF
    Lot size:
    1.86 Acres
    Days on Market:
    45
    Last Refresh:
    Dec 12 at 5:06 am

    Property Features for 73995 El Paseo

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    APN
    627272005
    Parking
    35
    Parking features
    On Street, Alley, Parking Lot
    Exterior features
    Misting System, Lighting
    Size
    24,000 SF
    Lot size
    1.86 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1996
    Floors in Building
    1
    Building materials
    Stucco
    Roof type
    Tile

    Windermere Real Estate (760) 848-8444 [email protected]

    Listing agent Slavyan S Panayotov (760) 408-4824

    Listing date Oct 29, 2025

    Copyright © 2025 California Desert Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    El Paseo Commercial Corner Property

    This commercial property is located at the corner of El Paseo and Portola in Palm Desert, CA. The property includes the former Roberge Jewelers building at 73995 El Paseo Drive and Mitch's restaurant at 73951 El Paseo Drive. The total square footage of the two buildings ranges from 23000 to 26000 square feet, according to various sources. The former Roberge Jewelers building has approximately 11475 square feet on the first level, plus a 232-square-foot catwalk. This building also contains two residential units on top, toward the parking lot in the back. Mitch's restaurant is currently under a lease contract, and information on the lease will be provided upon an accepted offer. The property consists of a total of 4 lots with one APN number and a lot size of 1.86 acres. The former Roberge Jewelers building is available for lease as a whole or can be partitioned into smaller units. The property is suitable for storefront, retail, restaurant, multifamily, and residential income purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mc Intosh James Architect JMA Architect Plaza Roberge Convention Center Denise Roberge Jewelry Jewelry Store

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Spa & Massage Hair Salon Building Supply Nail Salon Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Milan's Flowers and Gifts, The Flower Company, Dr. Orchid Floral Design, Floris, Silverio's Flowers

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.374398
    Latitude
    33.719294

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    FAQs

    What type of property is this?
    Storefront property - Prime commercial property on El Paseo with multiple buildings.
    Where is this storefront property located?
    The property is located at 73995 El Paseo Palm Desert, CA.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: - Prime corner real estate location at El Paseo and Portola.; - Includes two existing commercial buildings: former Roberge Jewelers and Mitch's Restaurant.; - Significant square footage, ranging from 23,000 to 26,000 sq. ft. for both buildings.
    (760) 408-4824
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    73995 El Paseo Palm Desert, CA 92260
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    Palm Desert, CA 92260
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    73995 El Paseo Palm Desert, CA 92260
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