61705 29 Palms Hwy Joshua Tree, CA 92252
- Retail space
- 1,455 SF
Current Use by Public Records
- The DEZ fine food - takeaway - espresso / Cafe
Property Details for 61705 29 Palms Hwy
- Year built
- 1951
- Property size
- 1,455 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 0603-102-01-0000
Description
This exceptional 1,455 sq ft retail storefront, located at 61705 29 Palms Hwy, Joshua Tree, CA 92252, presents a compelling value-add investment opportunity. Boasting a prime corner location at the southwest intersection of Sunset Road and 29 Palms Highway, this property benefits from exceptional visibility and high traffic counts exceeding 18,000 vehicles daily. Currently 100% occupied by three tenants, including a restaurant and bottle shop, the property generates a strong NOI of $42,447, with a pro-forma NOI projected at $56,518, reflecting significant upside potential due to below-market rents. Built in 1951 and renovated in 2022, the single-story building sits on a 5,465 sq ft lot, offering ample parking for 10+ vehicles. The property's strategic location adjacent to the popular Joshua Tree Farmers Market and the entrance to Joshua Tree National Park (the ninth most visited nationally, attracting over 3 million visitors annually) ensures consistent foot traffic and strong tenant demand. The property is zoned Joshua Tree/CGSCP and offers additional development potential. The asking price is $1,400,000, translating to $962.20 per square foot and $82 per square foot of land value. This is a rare opportunity to acquire a thriving retail property in one of California's most sought-after destinations.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Joshua Tree
- County
- San Bernardino
- State
- California
- Longitude
- -116.3171255
- Latitude
- 34.1347117
