82970 Requa Ave Indio, CA 92201-4536

This exceptional value-add retail property, located at 82970 Requa Ave, Indio, CA 92201, presents a compelling investment opportunity. The 12,000 square foot storefront sits on a 0.85-acre lot and features two tenants, including a long-term anchor tenant occupying a significant portion of the space for over 20 years, ensuring consistent rental income. The property boasts a gross lease structure and a pro-forma cap rate of 6.00% (at new property taxes). Built in 1981, the building is zoned DT-N, allowing for expansive redevelopment potential. Its prime location in Indio's downtown corridor offers high visibility due to its placement at a signalized intersection of Jackson St and Requa Ave. The property benefits from easy access to Highway 111 and I-10 Freeway, along with ample surface and street parking. The asking price is $1,580,000, translating to $131.67 per square foot. Proximity to the College of the Desert - Indio Campus and community-focused tenants further enhance its appeal. This property offers a blend of immediate income generation and significant long-term growth potential, making it an attractive investment for discerning buyers. The APN numbers are 611213036, 611213037, and 611213038.