11940 Palm Drive Active Save Request In-Person Tour Request Virtual Tour
Desert Hot Springs,CA 92240
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB-25151504
Year Built 1985
Annual Tax Amount $12,476
Property Sub-Type Office
Property Description
Welcome to 11940 Palm Dr -- a 5,328 SF building perched on the premiere corner of Palm & Pierson, the most visible intersection in Downtown Desert Hot Springs This two-story gem in the Commercial Downtown (CD) zone is suited for a wide range of uses. Want a creative office space, wellness center, event venue, or boutique retail concept? You're in the right place -- and right on time. The area is booming with new energy thanks to a wave of new construction homes flooding the valley and fueling a fresh downtown revival. With 19 parking spaces, killer street presence, and a pro forma cap rate of 6.4%, this is a straight-up investor magnet in one of SoCal's fastest-growing retail and cannabis zones. Fully approved for ALL cannabis uses -- retail, cultivation, distribution -- with licensing available! No red tape, no waiting games. Just bring your business (or your cash flow goals) and plug in. At the forefront of the canna-business industry, Desert Hot Springs has been dubbed the Emerald City of the Valley ?? highlighting an emphasis on canna-tourism. Offered at a competitive price, this corner lot opportunity is what investor's dreams are made of.
Location
State CA
County Riverside
Area 340 - Desert Hot Springs
Interior
Heating None
Inclusions Cannabis License included
Laundry None
Exterior
Utilities Available Sewer Connected,Electricity Connected
Building
Lot Description Landscaped,Rectangular Lot,0-1 Unit/Acre