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    73995 El Paseo Palm Desert, CA 92260

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    For Sale
    $7,500,000

    Prime corner property with retail, restaurant, and residential units.

    Lot size:
    1.86 Acres

    Property Features for 73995 El Paseo

    General Information

    Lot size
    1.86 Acres

    Building Details

    Year built
    1996

    Source: Windermere Real Estate Agent Slavyan Panayotov

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    El Paseo Mixed-Use Investment

    This prime real estate corner property, located at El Paseo and Portola, consists of the former Roberge Jewelers at 73995 El Paseo Drive and Mitch's Restaurant at 73951 El Paseo Drive, Palm Desert, CA 92260. The total square footage of the two buildings varies from 23,000 to 26,000 square feet, according to different sources. The property includes two residential units located on top of the former Roberge Jewelers building, toward the parking lot in the back. The former Roberge Jewelers building, approximately 11,475 square feet on the first level with an additional 232-square-foot catwalk, is available for lease as a whole or can be partitioned into smaller units. Mitch's Restaurant is currently under a lease contract; information on the lease will be provided upon an accepted offer. There are a total of four lots with one APN number.
    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
    -116.3741066
    Latitude
    33.7194586

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    FAQs

    What type of property is this?
    Storefront property - Prime corner property with retail, restaurant, and residential units.
    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 established buildings: former Roberge Jewelers and Mitch's Restaurant; - Significant total square footage ranging from 23,000 to 26,000 sq. ft.
    (760) 408-4824
    Request Owner's contact information
    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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