57374 29 Palms Hwy Yucca Valley, CA 92284

Property Details for 57374 29 Palms Hwy

Year built

1986

Lot size

0.29 lot acres

Property size

2,821 SF

Property type

Medical offices

Property subtype

Office space

APN

0595-191-09-0000

Description

This fee-simple, mixed-use office building in Yucca Valley, CA, presents a compelling investment opportunity. The 2,821 square-foot, two-story building, constructed in 1986 and renovated in 2002, sits on a 0.29-acre lot (12,636 sq ft) and boasts a Class B rating. Currently configured as a medical office, the property features two separately metered units, offering flexibility for owner-users or investors. The building includes a waiting room, multiple private offices, and bathrooms on both floors. The upper floor also has a private entrance, a bathroom, shower/tub, and a partial kitchen. The property benefits from high visibility on Highway 29 Palms (29,319 cars daily), ample parking, and excellent signage opportunities. All walls are insulated, and the air conditioner is only two years old. The property's C-MU zoning allows for various uses, potentially requiring a conditional use permit or site plan review. The building is available for occupancy on November 1, 2024. Financial highlights include an asking price of $680,000, a pro-forma NOI of $50,778, and a pro-forma cap rate of 7.47%. The property's location in an established area of Yucca Valley ensures strong potential for return on investment.