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Property profile & analytics
FOR SALE
Strip malls

73489 29 Palms Hwy 29 Palms, CA 92277

1,500 SF 0.07 ac lot Built 1948
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US10-1479564
Property summary
AI-generated overview

This exceptional 1,500 square foot commercial land parcel in Twentynine Palms, California, presents a unique investment opportunity. Located at 73489 29 Palms, 92277, in San Bernardino County, this property enjoys a prime location along Highway 62, ensuring high visibility and accessibility. Its strategic placement within a bustling commercial district, surrounded by residential areas, retail stores, and other businesses, guarantees a consistent flow of potential customers. The property is ideally suited for a diverse range of commercial ventures, including restaurants, retail establishments, or office spaces. A significant advantage is the presence of top-tier commercial kitchen appliances already installed, making it particularly attractive to food-service businesses. Furthermore, the city of Twentynine Palms is experiencing significant growth, with plans for a new 95-room Hilton Home2 Suites hotel near the Joshua Tree National Park visitor center, further enhancing the area's appeal and potential for increased foot traffic. This property's proximity to this upcoming hotel offers exceptional long-term growth potential. The asking price for this remarkable commercial land is $650,000. Don't miss this chance to acquire a thriving commercial property in a rapidly developing area.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1948
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,500 SF
Lot 0.07 ac (3,000 SF)
APN 0617-111-13-0000
UPID US10-1479564
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Travis W Poston · 4 yrs held
Travis W Poston
since 2021
Last sale
$225,000
3 recorded transactions
2021
$225,000
1989
$165,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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