44125 Jefferson StLa Quinta, CA 92253

Property Details for 44125 Jefferson St

Year built

2009

Construction

WOOD

Lot size

1.86 AC

Property size (Sq ft)

13,928 SF

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,627,127

  6.5%

  $5,194,271

  7%

  $4,823,252

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,157,077

  Geo Method

  $12,353,640

• Alternative Use

  Use

  Valuation

  Residential

  $4,381,562

  Hospitality

  $4,013,487

  Educational

  $3,339,174

  Medical

  $3,454,014

  Retail

  $5,194,271

Location Insight

City

La Quinta

County

Riverside

State

California

Latitude

33.7283

Longitude

-116.27

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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