14080 Palm Drive

    Desert Hot Springs, CA 92240
    • $1,800,000
    • STATUS: Closed
    • ON SITE: 193 days
    • ID#: IG18077732
    Sold - 09/27/2018
    $1,800,000
    SOLD - 09/27/2018
    • 0
      BEDS
    • 1.61
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,500
      SQFT
    • $103
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1984
    County:

    School Ratings & Info

    Description

    High Visible Freestanding Commercial Building Located at Main Desert Hot Springs Area. This Commercial-Retail Building is in very Active Shopping Center at the Corner of Two Bunch Palms & Palm Drive. High Traffic Signalized Intersection. Building Size : Approx 17,500 Sq. Ft., Lot Size : Approx 1.61 Acres, Single Story Retail Building. Big Name Brand Vons Supermarket Anchored Shopping Center, McDonald, Wells Fargo, Gas Station and Lots More.... Has a Huge Parking Spaces Next to the Family Services Suite which is Right Side of the Subject Building. This Property has 5 Spaces and Under the Market Rents. There are Lots of Potential for Investment. A Vacant Unit is in Negotiation with a New Tenant Currently.Great Opportunity for Investment and has a Potential. SHOW and SELL!!! Thanks.

    Sold by Christine Nguyen of Millennium Realty.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-16T12:27:55.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.dscvrproperties.com/homes/82333129

    14080 Palm Drive Desert Hot Springs, CA 92240

    • Price: $1,950,000
    • Status: Closed
    • Updated: 31 min ago
    • ID#: IG18077732
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.61
    Acres
    17,500
    SQFT
    $103
    $/SQFT
    1984
    Built
    Neighborhood:
    340 - Desert Hot Springs
    County:
    Riverside
    Area:
    340 - Desert Hot Springs
    Property Description
    High Visible Freestanding Commercial Building Located at Main Desert Hot Springs Area. This Commercial-Retail Building is in very Active Shopping Center at the Corner of Two Bunch Palms & Palm Drive. High Traffic Signalized Intersection. Building Size : Approx 17,500 Sq. Ft., Lot Size : Approx 1.61 Acres, Single Story Retail Building. Big Name Brand Vons Supermarket Anchored Shopping Center, McDonald, Wells Fargo, Gas Station and Lots More.... Has a Huge Parking Spaces Next to the Family Services Suite which is Right Side of the Subject Building. This Property has 5 Spaces and Under the Market Rents. There are Lots of Potential for Investment. A Vacant Unit is in Negotiation with a New Tenant Currently.Great Opportunity for Investment and has a Potential. SHOW and SELL!!! Thanks.
    Exterior Features

    Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Acres

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Asset Class Retail Building Area Units Square Feet Building Status Existing Business Type Commercial Cap Rate 5.00 Country Us Electric Expense 1200.00 Expense Year 2017 Gross Scheduled Income 168653.00 Insurance Expense 2925.00 Land Lease YN No Laundry YN No Leasable Area Units Square Feet Lease Considered YN No Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 97261.00 Number Of Units Leased 5 Operating Expense 71392.00 Property Sub Type Retail Real Estate Tax Expense 27367.00 Retail Center Type Grocery Anchor Special Listing Conditions Standard Tax Rate 1.25 Total Expenses 71392.00 Total Monthly Rent 14054 Trash Expense 5300.00 Water Sewer Expense 1500.00 Water Source Public

    Listing provided courtesy of Kathy Lee of Century 21 Now Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-16T12:27:55.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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