12155 Palm Dr Desert Hot Springs, CA 92240-3956
- Commercial real estate
- 0.30 lot acres
Jun 04, 2021
Current Use by Public Records
- Dog Stylez / Pet Grooming Service
Property Details for 12155 Palm Dr
- Lot size
- 0.30 lot acres
- Zone code
- C2
- Property type
- Commercial real estate
- APN
- 641-042-047
- APU
- 641042047
Description
This exceptional 10,155-square-foot retail property in Desert Hot Springs, CA, presents a compelling investment opportunity. Located at 12155 Palm Dr, 92240, this commercially zoned building boasts high visibility and ample parking (37 spaces). Built in 1992 and renovated 10 years ago, the property sits on a 27,878-square-foot lot and features four separate units. Currently, one unit is leased, generating income. The remaining three units (A, B, and C) are available, offering flexibility for various uses, including daycare, pharmacy, or storefront retail. The asking price is $1,125,000, translating to a remarkably low price per square foot of $110.78 – significantly below replacement cost. The property's previous tenants included a World Gym and a sunglass company, demonstrating its suitability for a range of businesses. The property's two APNs are 641042047 and 641-042-048. This is a NNN lease property with 25% current occupancy. The building's potential is vast, making it an ideal investment for discerning buyers seeking a high-return opportunity in a desirable location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,105,000
- ML approach
- $1,075,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Desert Hot Springs
- County
- Riverside
- State
- California
- Longitude
- -116.502
- Latitude
- 33.9603
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
