73282 Highway 111

Palm Desert, CA 92260

$729,950
Price
Beds
Baths
2,500 Sq. Ft.
$292 / Sq. Ft.
2,500
Sq. Ft.
$292
per Sq. Ft.

Description

Leased investment being sold for lot value. Building . currently set up with retail/office/service businesses. Total of 7 suites, with 3 tenants occupying 5 of these suites( 2 are vacant), and currently generating total of $3700/month. 2 suites on the street, others are in courtyard type setting. 2 bathrooms. Huge rear parking lot with 14+ parking spots. Same owners for 20+ years realize there is a lot of deferred maintenance, and have priced this accordingly. All current tenants are on month-to-month...Leased investment being sold for lot value. Building . currently set up with retail/office/service businesses. Total of 7 suites, with 3 tenants occupying 5 of these suites( 2 are vacant), and currently generating total of $3700/month. 2 suites on the street, others are in courtyard type setting. 2 bathrooms. Huge rear parking lot with 14+ parking spots. Same owners for 20+ years realize there is a lot of deferred maintenance, and have priced this accordingly. All current tenants are on month-to-month or their lease is up June of this year. Great for an owner user, looking to develop in the future -If fully leased, this would perform at approx. a 6 CAP with new taxes, insurance , etc.
  1. Listed by Steven Mogavero • DRE #00992473 • Desert Properties of Coachella Valley

Property Details for 73282 Highway 111

Cross Street
sage
LISTING UPDATED: 02/18/2025 10:48 AM

Property Details for 73282 Highway 111

StatusActive
MLS #219122713
Days on Market51
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1952
Lot Size0.14 AC / 6,098 SF
CountyRiverside County

Building Information for 73282 Highway 111

Stories-Residences-Year Built1952Lot Size0.14 AC / 6,098 SF

Property Information for 73282 Highway 111

Summary
Location and General Information
  • Building Area Source: Other
  • City: Palm Desert
  • Country: US
  • Directions: google
  • Area: 322 - Palm Desert North
  • Unparsed Address: 73282 Ca-111, Palm Desert, CA 92260
Taxes and HOA Information
  • Association Fee: $.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Size Acres: .00
  • Lot Size Square Feet: .00
  • Lot Size Area: 6,098.00
  • Property Type: Commercial Sale
  • Property Sub Type: Mixed Use
Property and Assessments
  • Documents Count: 0
Interior and Exterior Features
Interior Features
  • Total Bathrooms: 0
  • Living Area: 2,500.00
Multi Family
Multi-Family Information
  • Special Listing Conditions: Standard

Property History for 73282 Highway 111

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 73282 Highway 111

Taxable ValueLand$168,981Additions$155,974Total$324,955
Tax Record2024$4,072 ($339 / month)
Home Facts
Total Finished SqFt1,864 SqFtAbove Grade Finished SqFt1,864 SqFtStories1Lot Size6,098 SqFtStyleOffice BuildingYear Built1952Year Renovated1962ZoningC1SPCountyRIVERSIDEAPN627-092-021

Schools near 73282 Highway 111

This home is within Desert Sands Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Abraham Lincoln Elementary School
PublicK to 5

La Quinta Middle School
Public6 to 8

Palm Desert High School
Public9 to 12

Palm Desert Charter Middle School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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73282 Highway 111 is a mixed use property for sale in Palm Desert, CA 92260. This property was listed for sale on January 13, 2025 by Desert Properties of Coachella Valley, it's currently listed at $729,950. It has been on the market for a total of 51 days and was last sold on September 21, 2005. This listing's school district is Desert Sands Unified School District. Nearby schools include Abraham Lincoln Elementary School, La Quinta Middle School and Palm Desert High School. 73282 Highway 111 is a 0-bed, 0-bath, 2,500 sqft mixed use property built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Desert Properties of Coachella Valley, Steven Mogavero, DRE #00992473

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.