44125 Jefferson St La Quinta, CA 92253-4872
- Retail space
- 13,928 SF
- 1.86 lot acres
Dec 23, 2024
Current Use by Public Records
- Rapport Furniture 2Go / Furniture Store
Property Details for 44125 Jefferson St
- Year built
- 2009
- Construction
- WOOD
- Lot size
- 1.86 lot acres
- Property size
- 13,928 SF
- Property type
- Retail space
- APN
- 604-521-010
- APU
- 604521010
Description
This exceptional Class A, 13,969-square-foot grocery store building in La Quinta, California, presents a unique owner-user opportunity. Located at 44125 Jefferson Street, this single-story, 2009-built property underwent a significant $400,000 renovation in 2022. Boasting a LEED Silver certification, the building features a full-size dock-high loading door, ideal for efficient operations. Situated on a 1.86-acre lot (APN 604-521-010) in a high-traffic area with over 63,000 vehicles per day, the property benefits from excellent visibility and accessibility near major highways. Currently vacant, this building offers immediate occupancy for a new business or expansion opportunity. The asking price is $2,490,000, translating to $178.25 per square foot, significantly below replacement cost. The property's strategic location near a high-performing CVS and adjacent to a developing 89-unit multifamily complex promises strong growth potential and increased customer traffic. The permitted zoning is CN. This is a 1031 exchange eligible property. This represents a compelling investment opportunity in a thriving area of the Eastern Coachella Valley.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,950,000
- ML approach
- $1,950,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,325,000
- 6.5%
- $3,070,000
- 7%
- $2,850,000
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Location Insight
- Map
- Local Demand
- City
- La Quinta
- County
- Riverside
- State
- California
- Longitude
- -116.27
- Latitude
- 33.7283
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA