72885 Ramon RdThousand Palms, CA 92276

This exceptional investment opportunity presents a 3,240 square foot retail building situated on a 0.69-acre lot in Thousand Palms, CA. The single-story, Class B building, constructed in 1991 and renovated in 2022, is currently vacant and available for immediate occupancy. Boasting a desirable mixed-use zoning (MU), it offers versatility for various retail uses and potential for future multifamily development. The property enjoys exceptional visibility at the corner of Ramon Road and Arbol Real Avenue, benefiting from proximity to the busy intersection of Ramon Road and Monterey Avenue, providing direct access to the I-10 Freeway (106,000 vehicles per day). The asking price is $950,000, translating to $293.21 per square foot and a pro-forma cap rate of 8.19%. The property's strong location is supported by a robust demographic profile, with 17,387 people within a 3-mile radius boasting an average household income of $101,414. This area has experienced impressive 24.33% population growth since 2010. The property is surrounded by a thriving retail corridor, including major retailers such as Agua Caliente Resort Casino, Costco, Sam's Club, Walmart, Home Depot, and numerous fast-food and convenience stores. The large fenced lot provides ample space for additional parking and storage. The property features a pro-forma NOI of $77,760 and the APN is 69-303-2006. This is a rare opportunity to acquire a high-visibility retail property in a rapidly growing market.