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La Quinta Development Opportunity
For Sale
$7,000,000

78085 Avenida La Fonda, La Quinta, CA 92253

Prime La Quinta location with development potential.

Property Size8,000 SF
Lot Size0.17 Acres
Price / SF$736.84
Days on Market195

Property Features for 78085 Avenida La Fonda

General Information

Standard status Active
Size 8,000 SF
Lot size 0.17 Acres
Property subtype Commercial

Building Details

Building Size 8,000 SF
Year Built 1980
Listed By: Gerard Noonan
Source: Elliman
Added: Mar 12 Changed: Aug 25 Last Checked: Aug 14 at 6:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gerard Noonan

Investment Insights

Based on property information with market context.

This property presents a development opportunity in La Quinta, featuring an operating restaurant in an approximately 8,000-square-foot building, along with an additional building of approximately 1,500 square feet. The site comprises a total of 13 lots, encompassing almost an entire city block. The property is suitable for development into a hotel, high-end condominiums, or a hybrid of hotel and retail space incorporating the existing restaurant.

Key Highlights

  • Prime development opportunity in the heart of LaQuinta.
  • Substantial land holding: 13 lots comprising almost an entire city block.
  • Existing operating restaurant on the property.

Property Analytics

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Current Use

Fortun's Kitchen + Bar Restaurant

Suggested Use

Top Pick Big Box & Wholesale Store Dental Office Pharmacy Building Supply Storage Facility Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

749
Businesses Nearby
Under-served
Demand for This Use

Demographics for 92253, CA

37,422
Population
24,679
Households
1.5
Avg Household Size
52
Median Age
39%
College-Educated
92%
High-School Grad
40.4 sq mi
ZIP Area
926
Density / Sq Mi
$97,397
Median Household Income
$46,416
Median Earnings
$1,741
Median Rent
$612,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Prime La Quinta location with development potential.
Where is this conventional restaurant located?
The property is located at 78085 Avenida La Fonda La Quinta, CA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Prime development opportunity in the heart of LaQuinta.; Substantial land holding: 13 lots comprising almost an entire city block.; Existing operating restaurant on the property.
More about this property
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