For Sale
$4,153,000

74090 El PaseoPalm Desert, CA 92260

12,870 SF Multi-Tenant Office, 80% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional two-story, 12,870 square foot multi-tenant office building is ideally situated in Palm Desert, California, at the intersection of Highway 111 and El Paseo Drive, the heart of the renowned El Paseo Shopping District. Boasting a prime location with high traffic volume (approximately 30,000 cars daily), this Class C property offers abundant parking and frontage on both major thoroughfares. Built in 1978, the building features an elevator and sits on a nearly one-acre lot (0.87 acres, 37,897 square feet), with the APN numbers 625-111-017, 025, 028. Currently 80% occupied, the building is zoned for Downtown District use, permitting mixed-use and multi-story projects. The asking price is $4,153,000 ($325 per square foot) with a NNN lease type. Its versatile design suits various professional uses, including executive, medical, and creative offices, making it an attractive investment opportunity. The property's proximity to upscale shopping, dining, and entertainment venues (including Saks Fifth Avenue, Mastro's, Apple, Gucci, Louis Vuitton, and Il Corso) further enhances its appeal.

Highlights

  • Two-story professional building on a 0.87-acre lot.
  • Elevator included.
  • Excellent for professional offices, medical, or mixed-use tenants.
  • Prime location near high-end shopping and dining (Saks Fifth Avenue, Mastro's, etc.).
  • High traffic count (approx. 30,000 cars daily).
  • Ample parking available.

Property Details for 74090 El Paseo

Property type
Office properties, Office space
Square Feet
12,870 SF
Class
C
Year Built
1978
Stories
2
Lot Size (sq. ft)
37,897 SF

Location Insight

City
Palm Desert
County
Riverside
State
California
Latitude
33.7202782
Longitude
-116.372125
74090 El Paseo, Palm Desert, California

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74090 El Paseo
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