Property summary
This exceptional two-story Class B office building, totaling 6,211 square feet, is situated on a 17,400 square foot lot in the highly desirable Palm Desert, California. Built in 2008, the property boasts a prime location on Monterey Avenue, just north of the 111 Freeway, ensuring high visibility and strong traffic counts (21,689 cars daily on Monterey Ave and 31,266 on the 111 Freeway). Its proximity to Westfield Mall further enhances its appeal. The building offers approximately 3,442 square feet on the ground floor and 2,686 square feet on the upper floor, complemented by an 843 square foot balcony. Ample parking is provided with 25 spaces. The property is zoned C1 and features a desirable layout suitable for owner-occupancy or multi-tenant investment. The surrounding area is characterized by a mix of retail businesses, with healthcare and social assistance services also prevalent. Population growth within a 1, 3, and 5-mile radius is projected at 6.37%, 4.92%, and 5.55% respectively, reflecting a strong and growing market. The 5-mile radius boasts a 2020 average household income of $106,296. This presents a unique opportunity for investors and businesses seeking a prominent presence in a thriving community. The property is subject to short sale approval from the lender. APN: 627-061-055.
Property profile
VerifiedCap rate & NOI
Current use
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Hair Salon
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Hair Salon Nail Salon
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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