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Listed by Amie Shepard • West Shores Realty, Inc.
$ 1,650,000
Est. payment /mo
Active
11940 Palm Drive Desert Hot Springs, CA 92240
UPDATED:
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